DISQUALIFICATION Definition

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DISQUALIFICATION, in the UK, is when a director is found guilty of "unfit" conduct. The director may then be disqualified from holding any management position for 2 to 15 years.

Learn new Accounting Terms

SUMMARY ACCOUNT is a ledger account (such as a control account) whose balance represents the total of other account balances.

T&E is an acronym for Travel & Entertainment.

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