NET Definition

Bookmark and Share

NET, in general, is the figure remaining after all relevant deductions have been made from the starting, or gross, amount.

Learn new Accounting Terms

PERSONAL ACCOUNTS represents money due to or due from a person or group of persons. For example, Accounts Payable - Suppliers is a personal account since this amount is payable to a supplier/suppliers.

ARTICLES OF PARTNERSHIP is the contract creating a partnership.

Suggest a Term

Enter Search Term

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