CASH DRAW Definition

Bookmark and Share

CASH DRAW see PROPRIETORS DRAW.

Learn new Accounting Terms

INCOME SMOOTHING refers to measures taken to reduce the probability of income shocks before they occur, and includes strategies like diversifying income sources; making low-risk production and employment choices; building up physical, human, and social assets; and ensuring good financial management.

CONTINUING ACCOUNTING SIGNIFICANCE means matters normally included in the permanent audit documentation, such as the analysis of balance sheet accounts, and those relating to contingencies. Such information from a prior year is used by the auditor in the current year's audit and is updated each year.

Suggest a Term

Enter Search Term

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