TWO PARTY ENDORSEMENT Definition

TWO PARTY ENDORSEMENT, normally, is when two signatures are required to make a document or bank draft legal or authorized.

Learn new Accounting Terms

PAYMENT ON ACCOUNT see ON ACCOUNT.

ENTITY THEORY is where a legal entity is regarded as having a separate existence from the owners. The financial statements are prepared from the perspective of the entity, not its owners. See PROPRIETARY THEORY.

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