MONETARY UNIT Definition

Bookmark and Share

MONETARY UNIT is the unit used to measure economic activity (e.g., U.S. $).

Learn new Accounting Terms

STATEMENT OF RETAINED EARNINGS is one of the four basic financial statements; the Statement of Retained Earnings is a reconciliation of the Retained Earnings account. Information such as dividends or announced income is provided in the statement. The Statement of Retained Earnings provides information about what a companys management is doing with the companys earnings.

CURRENT PORTION OF LONG-TERM DEBT is only that portion of long-term obligations (payable in more than one year) which are owed and payable in the current year; e.g. the portion of a five-year loan or lease that is due in the current calendar/fiscal year.

Suggest a Term

Enter Search Term

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