ACCOUNTANTS OPINION Definition

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ACCOUNTANTS OPINION is a signed statement regarding the financial status of an entity from an independent public accountant after examination of that entities records and accounts.

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REVENUE RESERVE is a fund that is not a CAPITAL RESERVE, i.e. the funds are distributable.

CAPITAL GAIN is the excess of selling price over purchase price, which may be given special treatment for tax purposes provided the sale takes place more than a given number of months after purchase.

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