ACCOUNT GROUP Definition

Bookmark and Share

ACCOUNT GROUP, in accounting, is a designation of a group of accounts of like type (for example: accounts receivable and fixed assets).

Learn new Accounting Terms

RCLD see REPRODUCTION COST LESS DEPRECIATION.

RECEIVERSHIP is equitable remedy whereby a court orders property placed under the control of a RECEIVER so that it may be preserved for the benefit of affected parties. A failing company may be placed in receivership in an action brought by its creditors. The business is often continued but is subject to the receivers control. See also BANKRUPTCY.

Suggest a Term

Enter Search Term

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