RUNNING TOTAL Definition

Bookmark and Share

RUNNING TOTAL is the sum of any given set of numbers that is incremented/decremented as additional numbers become available over time. For example, a retail store makes sales throughout a time period; the running total is the sum of their sales, including returns/credits, at any given point of time during that time period: day, week, month, quarter, and year.

Learn new Accounting Terms

ENDORSE, depending upon usage, can be: a. application of legal signature to documents or checks; b. a guarantee as meeting a certain standard; c. to be behind or approve of; or, d. to give active support or ones approval to.

INVOICE, CONSULAR is an invoice stamped or endorsed by the consulate of the country requiring such.

Suggest a Term

Enter Search Term

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