AUXILIARY JOURNAL Definition

AUXILIARY JOURNAL is a journal in which accounting information is stored both before and after the transfer to the General Ledger.

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KUNA (KUNE)is a currency of Croatia.

ASSET REVERSION is asset recovery by the sponsoring employer through termination of a defined benefit pension fund and/or of assets in excess of amounts required to pay accrued benefits of a pension fund. In the U.S., assets recovered through reversion are subject to corporate income tax and an excise tax.

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