OFF-BALANCE SHEET ASSET Definition

Bookmark and Share

OFF-BALANCE SHEET ASSET is an item representing a resource of the entity or something that is projected to have future economic value. It is a positive indicator of the entities financial position even though it is not contained within the balance sheet.

Learn new Accounting Terms

BILLINGS, generally, is the request for payment of a debt. In accounting, it is sales for which invoicing has been issued.

REPORTING ENTITY is the legal entity for which financial reports are prepared and made available.

Suggest a Term

Enter Search Term

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