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Open account |
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Open accountArrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger.Open account Similar MatchesCapital accountCapital accountNet result of public and private international investment and lending activities. Merchant accountMerchant accountA bank account maintained for the purpose of accepting credit card payments for goods and services. Account reconciliationAccount reconciliationThe reviewing and adjusting of the balance in a personal checkbook to match your bank statement. Current cost accountingCurrent cost accountingA system designed to adjust accounting for changes in prices that affect a company's assets. The more usual convention is historical cost accounting. Overdraft checking accountOverdraft checking accountA checking account associated with a line of credit that allows a person to write checks for more that the actual balance in the account, with a finance charge on the overdraft. Further SuggestionsSpecial arbitrage accountCurrent account balance Escrow account Historical Cost Accounting Convention personal accounts accounts payable I Impound Account current account margin account Deferred account Negotiable Order of Withdrawal Account (NOW) Omnibus account Inflation accounting books of account individual retirement account Accounting liquidity Money market demand account (MMDA) Transaction account Generally Accepted Accounting Principles (GAAP) postal account account sale Restricted account Day of deposit to day of withdrawal account Mixed account Uncollectible account |
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