DEMAND DEPOSIT Definition

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DEMAND DEPOSIT is a bank deposit from which withdrawals may be made without notice.

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.

NONRECURRING is an income statement item that is infrequent in occurrence or unusual in nature.

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