TRANSFER JOURNAL ENTRY Definition

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TRANSFER JOURNAL ENTRY is used to allocate an expense or revenue from one account or sponsored project to another, or to transfer funds between object codes within an account or sponsored project. Transfers journal entries should include a description of the item(s) and explanation of why the transfer is necessary.

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REQUIRED RATE OF RETURN see HURDLE RATE.

CURRENT COST ACCOUNTING is a system of accounting which adjusts for changing pricing.

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