CONTINGENCY PLAN Definition

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CONTINGENCY PLAN is a plan that provides an outline of decisions and measures to be taken if defined circumstances, outside the control of the affected organization, should occur.

Learn new Accounting Terms

SINGLE-ENTRY BOOKKEEPING is a simple bookkeeping system in which all transactions are recorded in a single record (e.g., a checkbook that indicates expenditures only). Single-entry does not rely upon equal debits and credits.

MONTHLY is: a. Once a month; every month; from month to month; or, b. Done, produced, or occurring once a month. 

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