CONVENTION Definition

Bookmark and Share

CONVENTION is an agreement, principle or statement expressed or implied that is used to solve given types of problems. Conventions allow a standardized approach to problem solving and behavior in certain situations. For example, placing debits on the right and credits on the left of an account is termed an accounting convention.

Learn new Accounting Terms

LEVERED BETA is the beta reflecting a capital structure that includes debt.

GUARANI is a currency of Paraguay.

Suggest a Term

Enter Search Term

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