PLEDGE BOND Definition

Bookmark and Share

PLEDGE BOND see PLEDGED REVENUES.

Learn new Accounting Terms

DOUBTFUL DEBT is a debt where circumstances have rendered its ultimate recovery uncertain. Conservatism requires that doubtful debts should be treated in the same way as bad debts. They should thus be recorded as an expense in the profit and loss account and to be credited to a provision to set off against ultimate default if it occurs.

DETAIL, in accounting, is extended treatment of particulars of an accounting entry e.g., the from or to, date, amounts, purposes, balances, and, if needed, comments.

Suggest a Term

Enter Search Term

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