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liabilities account

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  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • Account — In accountancy, an account is a label used for recording and reporting a quantity of almost anything. Most often it is a record of an amount of money owned or owed by or to a particular person or entity, or allocated to a particular purpose. It… …   Wikipedia

  • Account Current — A summary of the performance of each individual insurance agent in the company. The account current is written and issued by the insurance company each year so the agents can see their total commissions earned, policy cancellations and premiums… …   Investment dictionary

  • liabilities — Synonyms and related words: accounts, accounts payable, accounts receivable, assets, budget, budget items, budgeting, burden of expenditure, carrying charge, charges, cost, cost of living, cost of living allowance, cost of living index, costing… …   Moby Thesaurus

  • Other Current Liabilities — A balance sheet entry used by companies to group together current liabilities that are not assigned to common liabilities such as debt obligations or accounts payable. Companies will group together these other current liabilities into one account …   Investment dictionary

  • capital account — noun 1. (economics) that part of the balance of payments recording a nation s outflow and inflow of financial securities • Topics: ↑economics, ↑economic science, ↑political economy • Hypernyms: ↑account, ↑accounting, ↑ …   Useful english dictionary

  • capital account — n. An account that records a business’s capital assets, expenses, and liabilities. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. capital account The …   Law dictionary

  • Other Long-Term Liabilities — A balance sheet item that includes obligations which are not going to be paid off within the year or operating cycle, but are not included in the long term liabilities category. Other long term liabilities are commonly found directly beneath the… …   Investment dictionary

  • Long-term liabilities — are liabilities with a future benefit over one year, such as notes payable that mature longer than one year. In accounting, the long term liabilities are shown on the right wing of the balance sheet representing the sources of funds, which are… …   Wikipedia

  • Money market deposit account — A money market account is a deposit account with a relatively high rate of interest, and short notice (or no notice) required for withdrawals. In the United States, it is a style of instant access deposit subject to federal savings account… …   Wikipedia

  • capital account — Net result of public and private international investment and lending activities. Bloomberg Financial Dictionary The part of the balance of payments which is due to transactions in long term assets and liabilities, such as when a UK company… …   Financial and business terms

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