BILL AND HOLD Definition

Bookmark and Share

BILL AND HOLD see SHIP IN PLACE.

Learn new Accounting Terms

INCORPORATED is a legal entity that has undergone incorporation through approval by a state government.

ADJUNCT ACCOUNT is an account that accumulates either additions or subtractions to another account. Thus the original account may retain its identity. Examples include premiums on bonds payable, which is a contra account to bonds payable; and accumulated depreciation, which is an offset to the fixed asset.

Suggest a Term

Enter Search Term

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