TRADE EXCHANGE Definition

Bookmark and Share

TRADE EXCHANGE is a barter system where people or companies trade goods and services without the use of money. In the U.S., income from barter transactions is considered taxable.

Learn new Accounting Terms

RRA is Reserve Recognition Accounting.

SUBJECT TO, in accounting, was a type of qualified audit opinion that was worded "In our opinion, subject to....." Auditors are no longer permitted to issue such opinions.

Suggest a Term

Enter Search Term

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