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Financial Terms | |
Closing entries |
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Definition of Closing entriesClosing entriesThe entries that transfer the balances in the revenue, expense, and dividend accounts to Retained earnings and zero out the revenue, expense, and dividend accounts for the next period.
Related Terms:Adjusting entriesThe entries needed at the end of an accounting period to properly state certain account balances. Closing purchaseA transaction in which the purchaser's intention is to reduce or eliminate a short position in Closing rangeAlso known as the range. The high and low prices, or bids and offers, recorded during the Closing saleA transaction in which the seller's intention is to reduce or eliminate a long position in a stock, Bargain-purchase-price optionGives the lessee the option to purchase the asset at a price below fair market Direct stock-purchase programsThe purchase by investors of securities directly from the issuer. Minimum purchasesFor mutual funds, the amount required to open a new account (Minimum Initial ![]() Money purchase planA defined benefit contribution plan in which the participant contributes some part and Open-market purchase operationA systematic program of repurchasing shares of stock in market open purchase orderinga process by which a single purchase Opening purchaseA transaction in which the purchaser's intention is to create or increase a long position in PurchaseTo buy, to be long, to have an ownership position. Purchase accountingMethod of accounting for a merger in which the acquirer is treated as having purchased Purchase agreementAs used in connection with project financing, an agreement to purchase a specific Purchase AgreementThis legal document records the final understanding of the parties with respect to the proposed transaction. Purchase and saleA method of securities distribution in which the securities firm purchases the securities ![]() Purchase discountsA contra account that reduces purchases by the amount of the discounts taken for early payment. Purchase fundResembles a sinking fund except that money is used only to purchase bonds if they are selling Purchase methodAccounting for an acquisition using market value for the consolidation of the two entities' Purchase methodAn accounting method used to combine the financial statements of Purchase pricePrice actually paid for a security. Typically the purchase Purchase returnsA contra account that reduces purchases by the amount of items purchased that were subsequently returned. Purchased In-Process Research and DevelopmentUnfinished research and development that is acquired from another firm. PurchasesItems purchased by the company for the purpose of resale. Purchases journalA journal used to record the transactions that result in a credit to accounts payable. Repurchase agreementAn agreement with a commitment by the seller (dealer) to buy a security back from Repurchase of stockDevice to pay cash to firm's shareholders that provides more preferable tax treatment ![]() Share repurchaseProgram by which a corporation buys back its own shares in the open market. It is usually Stock repurchaseA firm's repurchase of outstanding shares of its common stock. stock repurchaseFirm buys back stock from its shareholders. Targeted repurchaseThe firm buys back its own stock from a potential bidder, usually at a substantial Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |