NATURAL ACCOUNTS Definition

Bookmark and Share

NATURAL ACCOUNTS in the Chart of Accounts are user defined accounts for the activities associated with the accounting entity that capture data at the transaction level. Natural accounts exist for a range of Assets, Liabilities, Equity accounts, Revenues, and Expenses.

Learn new Accounting Terms

WINDOW DRESSING is the act or an instance of making something appear deceptively attractive or favorable. Usually using something, e.g. inflated sales projections, to create a deceptively favorable or attractive impression.

MISCELLANEOUS INCOME is that income realized that is not directly related to the sale of standard products and services.

Suggest a Term

Enter Search Term

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