IMPERSONAL LEDGER Definition

Bookmark and Share

IMPERSONAL LEDGER see LEDGER.

Learn new Accounting Terms

GOING LONG is the purchase of commodities, bonds, or stock with no immediate intention of selling them, i.e. the purchase is for long term investment or speculation. See GOING SHORT.

DEDUCTIVE ACCOUNTING THEORY (mathematical method) assumes that optimal accounting standards and reporting rules can be derived by deduction much in the way that Pythagoras derived the rule for measuring the hypotenuse of a triangle based upon square root of the summed squares of the other two sides (assuming one angle is a perfect 90-degree angle).

Suggest a Term

Enter Search Term

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