GUARANTEE DEPOSIT Definition

Bookmark and Share

GUARANTEE DEPOSIT see SELLER GUARANTEE DEPOSIT.

Learn new Accounting Terms

BLIND RECEIVING is a method to ensure more accurate warehouse receipt counts, i.e., PO quantities or items are not displayed on receiving tickets.

PASS-THROUGH GRANTS as defined under GASB Statement 24 are grants "received by a recipient government to transfer to or spend on behalf of a secondary recipient" and should be recognized as revenues and expenditures/expenses in a governmental, proprietary or trust fund. The only exception to this requirement is if the recipient government serves only as a cash conduit (i.e., has no administrative or direct financial involvement in the program) in which case the grant should be reported in a GAAP agency fund.

Suggest a Term

Enter Search Term

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