AUXILIARY JOURNAL Definition

Bookmark and Share

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

Learn new Accounting Terms

SPECIAL MEMORANDUM ACCOUNT (SMA) is a sub-account of a margin account for excess equity. It can be withdrawn or used to buy more securities.

STATUTORY LIQUIDITY RATIO (SLR) is a ratio which every banking company shall maintain in the form of cash, gold or unencumbered approved securities, an amount which shall not, at the close of business on any day be less than such percentage of the total of its demand and time liabilities as the Reserve Bank may specify from time to time.

Suggest a Term

Enter Search Term

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