nominal account used in the General Ledger of companies, close corporations and partnerships to distribute the profit on the financial statements of the company.
accounts in the General Ledger that contain the credit and debit totals of other accounts.
(also called accounting period, financial year or financial period) specific period used for...
internal control measure applied by encouraging or causing a desirable event to take place.
GAAP principle that means that the business considers whether transactions are worth recording....