expense accounts ru xx
21accrued expense — ➔ expense * * * accrued expense UK US noun [C] (also accrued charge, also accrued cost, also accrued liability, also accrual) ACCOUNTING …
22Bad Debt Expense — An entry found on a business s income statement that represents the amount of noncollectable accounts receivable that occurs in a given period. In terms of accounting entries, every time an amount increases bad debt expense, an equivalent amount… …
23disproportionate expense and undue delay — A reason for excluding an individual subsidiary undertaking from the consolidated financial statements of a group. It concerns a situation in which there would be a relatively high cost and an excessive time lag in obtaining the information… …
24Transitory items — Accounts which contain: all prepaid expense accounts. accrued income accounts e.g.. interest income receivable. all deferred income accounts that have an impact on the profit and loss accounts of future accounting period(s). matching is …
25Bookkeeping — is the recording of financial transactions. Transactions include sales, purchases, income, receipts and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with… …
26Double-entry bookkeeping system — A double entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts. The name derives from the fact… …
27Debits and credits — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
28Admiralty administration — The administration of the British Admiralty consists of the following branches and officers. Contents 1 Department of the Controller 2 Royal Corps of Naval Constructors 3 Director of Naval Ordnance 4 …
29Closing Entry — A journal entry made at the end of the accounting period. The closing entry is used to transfer data in the temporary accounts to the permanent balance sheet or income statement accounts. The purpose of the closing entry is to bring the temporary …
30Public finance — Part of a series on Government Public finance …
