CRUT Definition

Bookmark and Share

CRUT is an acronym for Charitable Remainder Unitrust.

Learn new Accounting Terms

SEGREGATION OF DUTIES means assigning different people the responsibilities of authorizing transactions, recording transactions, and maintaining custody of assets. Segregation of duties reduces the opportunities for one person to both perpetrate and conceal errors or fraud.

CONTROLLABLE EXPENSE expenses that can be controlled or restrained by management. Some of the costs of doing business can be postponed or spread out over a longer period of time (e.g., personnel costs, travel & entertainment, marketing expense).

Suggest a Term

Enter Search Term

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