AUDIT DOCUMENTATION Definition

Bookmark and Share

AUDIT DOCUMENTATION see WORKING PAPERS.

Learn new Accounting Terms

OVERSOLD is the state of the market when much more selling occurs than is warranted by market conditions. If investors and speculators sell large amounts of securi­ties, including short sales, over a period of time, at some point the market will become oversold and buying is likely to increase. Depending upon the degree of buying, prices will either stop falling or will rise. A rise in prices under these conditions is known as a technical rally.

NON-CASH EXPENSE is that expense which is recognized within the financial statements without actual cash being disbursed (e.g., depreciation, amortization, and write-offs).

Suggest a Term

Enter Search Term

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