Account Current - Law Dictionary Search Results
Current account transaction
Matched in: Term Current account transaction
Account current
Matched in: Term Account current
Client account
Matched in: Term Client account
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asset
law (as section 1221 of the Internal Revenue Code) cur·rent asset : a short-term asset (as inventory, an account receivable, or a note) that can be quickly converted into cash equitable asset : an asset esp. in … 2 : admitted assets considered as a whole net quick assets : the excess of quick assets over current liabilities non·ad·mit·ted asset : an asset not allowed by law to be included in determining the financial condition
account payable
Matched in: Term account payable
account receivable
Matched in: Term account receivable
recognize
incurred and treat and record appropriately ;specif : to account for (a gain, loss, expense, or income) on current accounting or tax records [recognized the gain when she included it as income on her tax return] compare … to acknowledge the de facto existence or the independence of [refused to the new government] 2 : to account for as real, received, or incurred and treat and record appropriately ;specif : to account for (a gain,
Quick-asset ratio
Quick-asset ratio, means the ratio between an entity's current or liquid assets (such as cash and accounts receivable) and its current liabilities. Also termed quick ratio; acid-test ratio, Black's Law Dictionary, 7th Edn., p. 1260.
Last in, first out
Last in, first out, means an accounting method that assumes that the most recent purchases are sold or used first. Matching current costs against current
Unclaimed property
dividends in bankruptcy, see Bankruptcy Act, 1914, s. 153. (4) Bankers' Balances.-Money at a bank on an ordinary current or drawing account is money lent to the banker by the customer, repayable upon and not until demand … to 1726), it appears that their amount was then more than 1,050,000l., distributed over upwards of 3,000 separate accounts, one-half not exceeding 150l. in value, and only about one-twentieth exceeding 1000l. (3) Stock in Public Companies.-By Art.
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