SUMMARY ACCOUNT Definition

Bookmark and Share

SUMMARY ACCOUNT is a ledger account (such as a control account) whose balance represents the total of other account balances.

Learn new Accounting Terms

CRAR see CAPITAL TO RISK ASSET RATIO.

COST PRINCIPLE is the principle where a company is obliged to record its fixed assets at their actual purchase price or production cost.

Suggest a Term

Enter Search Term

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