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

OFF-BALANCE SHEET LIABIILITY is an item not reported within the body of a financial statement as a liability that may require future payment or services, e.g., litigation, renegotiated claims within a government contract, and guarantees of future performance.

FREIGHT is the charge for transporting something by common carrier.

Suggest a Term

Enter Search Term

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