ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CONVENTION is an agreement, principle or statement expressed or implied that is used to solve given types of problems. Conventions allow a standardized approach to problem solving and behavior in certain situations. For example, placing debits on the right and credits on the left of an account is termed an accounting convention.
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TRANSCRIPT is a written record (usually typewritten) of dictated or recorded speech
FORWARD PREMIUM is when a currency trade forward price is higher than its spot price.