BOUGHT LEDGER Definition

Bookmark and Share

BOUGHT LEDGER see LEDGER.

Learn new Accounting Terms

SMALL BUSINESS a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. The legal definition of "small" varies by country and by industry. In the United States the Small Business Administration establishes small business size standards on an industry-by-industry basis, but generally specifies a small business as having fewer than 100 employees.

TERM ENDOWMENT are endowments with time restrictions required by the donor such as a restriction that the income from the endowment may not be utilized until a future period or a specific date for condition is met.

Suggest a Term

Enter Search Term

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