Bookmark and Share

SUNDRY RECEIVABLES represent miscellaneous receivables.

Learn new Accounting Terms

KEOGH is a pension plan in the United States that allows a business to contribute a portion of profits into a tax-sheltered account.

VARIANCE, in accounting, is the difference between a projected number and the actual number, e.g. 1. a budget variance is spending either more or less from the amount that was budgeted; and 2. a cost variance is the difference between actual cost and standard cost in the categories of direct material, direct labor, and direct overhead.

Suggest a Term

Enter Search Term

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