RESERVE ACCOUNTS Definition

Bookmark and Share

RESERVE ACCOUNTS, generally, are those accounts where retained earnings are set aside to satisfy dividends, improvements, contingencies, retirement of preferred stock, etc.

Learn new Accounting Terms

DIRECT LABOR BUDGET is a budget of planned expenditures for direct labor. The direct labor budget indicates the rate per hour and the number of hours necessary to meet production requirements. See OPERATING BUDGET.

DONG is a currency of Cambodia, Laos, Vietnam, and South Vietnam.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.