CHEQUE BOOK Definition

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CHEQUE BOOK see CHECK REGISTER.

Learn new Accounting Terms

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.

INCOME SUMMARY ACCOUNT is the account in the general ledger used to summarize the revenue and expenses for the fiscal period.

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