Debit - Law Dictionary Search Results
Drawal
an authorised person and includes opening of Letter of Credit or use of International Credit Card or International Debit Card or ATM Card or any other thing by whatever name called which has the effect of creating
Credit
Credit, a transfer of goods in confidence of future payment; that side of an account or any item set down in favour of one party against anysums or matters ('debit') which are set against him.
Account stated
There is, however, a second kind of account stated where the account contains items both of credit and debit and the figures on both sides are adjusted between the parties and a balance struck, Gordon Woodroffe and
Keep your definitions linked to case research
allowance for bad debts
"write off" a $500 account that you have decided is not collectable would look something like this: a debit to your allowance for bad debts account in the amount of $500 and a credit to your accounts
account
account 1 a : a record of debit and credit entries to cover transactions involving a particular item (as cash or notes receivable) or a particular
posting
in a ledger ;also : the record produced by such a transfer 2 : the actual crediting or debiting of an account (as in payment of a draft) [charged interest from the date of the credit card
Bank book
A book kept by a depositor in which an officer of a bank enters the debits and credits of the depositors account with the bank
Ledger
of accounts is laid up or preserved the final book of record in business transactions in which all debits and credits from the journal etc are placed under appropriate heads
Account or Accompt
Account or Accompt [fr. compte, Fr., computo, Lat.], a registry of debts, credits, and charges, or a detailed statement of a series of receipts (credits) and disbursements (debits) of money-which have taken place between two or...
Book of account
'books of accounts' means books in which merchants, traders or businessmen generally keep their accounts, i.e., statements of debits and credits or receipts and payments. A register kept at the counter of a hotel need not contain
- ‹ Prev
- 1
- 3
- Next ›
- Last »
Try the research workspace - 7 days free
Debit - Law Dictionary Search Results
Drawal
an authorised person and includes opening of Letter of Credit or use of International Credit Card or International Debit Card or ATM Card or any other thing by whatever name called which has the effect of creating
Credit
Credit, a transfer of goods in confidence of future payment; that side of an account or any item set down in favour of one party against anysums or matters ('debit') which are set against him.
Account stated
There is, however, a second kind of account stated where the account contains items both of credit and debit and the figures on both sides are adjusted between the parties and a balance struck, Gordon Woodroffe and
Keep your definitions linked to case research
allowance for bad debts
"write off" a $500 account that you have decided is not collectable would look something like this: a debit to your allowance for bad debts account in the amount of $500 and a credit to your accounts
account
account 1 a : a record of debit and credit entries to cover transactions involving a particular item (as cash or notes receivable) or a particular
posting
in a ledger ;also : the record produced by such a transfer 2 : the actual crediting or debiting of an account (as in payment of a draft) [charged interest from the date of the credit card
Bank book
A book kept by a depositor in which an officer of a bank enters the debits and credits of the depositors account with the bank
Ledger
of accounts is laid up or preserved the final book of record in business transactions in which all debits and credits from the journal etc are placed under appropriate heads
Account or Accompt
Account or Accompt [fr. compte, Fr., computo, Lat.], a registry of debts, credits, and charges, or a detailed statement of a series of receipts (credits) and disbursements (debits) of money-which have taken place between two or...
Book of account
'books of accounts' means books in which merchants, traders or businessmen generally keep their accounts, i.e., statements of debits and credits or receipts and payments. A register kept at the counter of a hotel need not contain
- ‹ Prev
- 1
- 3
- Next ›
- Last »
Try the research workspace - 7 days free