EARNED SURPLUS Definition

Bookmark and Share

EARNED SURPLUS see RETAINED EARNINGS.

Learn new Accounting Terms

PROMISSORY NOTE, usually just called a note, is a NEGOTIABLE INSTRUMENT wherein the maker agrees to pay a specific sum at a definite time.

STOCKTAKING is the process of counting and evaluating stock-in-trade, usually at an organizations year end in order to value the total stock for preparation of the accounts. In more sophisticated organizations, in which permanent stock records are maintained, stock is counted on a random basis throughout the year to compare quantities counted with the quantities that appear in the, usually, computerized records.

Suggest a Term

Enter Search Term

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