MAINTENANCE OF ACCOUNTS Definition

Bookmark and Share

MAINTENANCE OF ACCOUNTS, in accounting, ensures that all transactions and accounting records are in accordance with generally accepted accounting principles and applicable laws, and shall be in sufficient detail to permit an annual audit.

Learn new Accounting Terms

HUMAN CAPITAL is the unique capabilities and expertise of individuals that are productive in some economic context.

FINANCIAL EXPENSE can mean a. generally in the corporate world, it is a companys interest expense on long-term debt; or, in greater depth it is b. it includes interest and related charges; foreign exchange losses on debt; net expense on the disposal of marketable securities; amortization of bond redemption premiums; additions to provisions for financial liabilities and charges and impairment losses on investments.

Suggest a Term

Enter Search Term

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