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ENTER A TERM OR WORD TO SEARCH FOR:
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PERSONAL FINANCIAL STATEMENT |
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A BALANCE SHEET and an INCOME STATEMENT for a person identifying assets, liabilities, net worth, income and expenses. Used to substantiate the person's financial solvency, often part of a loan application for a start-up business. See Self-Help Guide C.
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ACCUMULATED DEPRECIATION |
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An accounting term for the amount of DEPRECIATION accrued over a period of time.
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ACCOUNTING PRINCIPLES |
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Basic concepts, assumptions, policies, methods and practices used by a company for maintaining the BOOKS OF ACCOUNT and summarization into FINANCIAL STATEMENTS. The principles should be consistent with GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. In larger companies, accounting policy, practices and principles may each have more precise definitions.
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PAID-IN CAPITAL |
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Same as CAPITAL INVESTMENT, but excluding more precise components as defined in CAPITAL SURPLUS.
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