ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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BASE CAPITAL Definition
BASE CAPITAL includes (1) shares that (a) are non-cumulative, non-retractable, non-redeemable and, if convertible, are only convertible into common shares, and (b) have been issued and paid for; base capital also includes (2) contributed surplus, and (3) retained earnings.
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ENTERED see JOURNAL ENTRY.
ACCRUAL ACCOUNTING see ACCRUAL BASIS OF ACCOUNTING.