Glossary

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control accounts

Subject: 

  • Accounting

accounts in the General Ledger that contain the credit and debit totals of other accounts.

Related Terms: 

General Ledger

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corrective control measure
Subject:
Accounting

internal control measure applied by correcting the effects of undesired events.

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Subject:
Accounting

set of written reports that describe the financial position of a business on a specific day....

issued share capital
Subject:
Accounting

the number of shares a company has issued to the public at a certain price

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Subject:
Accounting

money that a person or business earns as a percentage of the total value of invested assets....

current liability
Subject:
Accounting

short-term debt such as creditors and bank overdraft.