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Definition of Double entry
The system of recording business transactions in two accounts.
See accrual-basis accounting.
The Treasury and federal agencies are moving to a book-entry system in which securities are not represented by engraved pieces of paper but are maintained in computerized records at the
Method of accelerated depreciation.
A cross-border lease in which the disparate rules of the lessor's and lessee's countries let
Agreement between two countries that taxes paid abroad can be offset against
The act of recording an accounting transaction in the accounting books.
The formal accounting entry used to identify a business transaction. The
This is a provision in some term insurance policies that allow the insured the right to renew the policy at a more favourable rate by providing updated evidence of insurability.
An entry that is made at the beginning of the current period so that the systems and procedures do not have to be altered to allow for previously accrued items.
The representation of the double-entry system of accounting such that assets are equal to liabilities plus capital.
An equation that reflects the two-sided nature of a
In the balance of payments, counterpart items are analogous to unrequited transfers in the
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