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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 MatchesCurrent account surplusCurrent account surplusCredits minus debits on current account. Same as balance on current account. See surplus. Accounting liquidityAccounting liquidityThe ease and quickness with which assets can be converted to cash. Balance on capital accountBalance on capital accountA country's receipts minus payments for capital account transactions. Managed accountManaged accountAn investment portfolio one or more clients entrusted to a manager who decides how to invest it. Accounting insolvencyAccounting insolvencyTotal liabilities exceed total assets. A firm with a negative net worth is insolvent on the books. Further SuggestionsCost accountingInflation accounting Account reconciliation Statement of Financial Accounting Standards No 52 Deferred account account payee individual savings account Frozen account Average accounting return Undermargined account Omnibus account Sweep account managed account Accounts receivable Concentration account Replacement cost accounting individual retirement account Individual Retirement Account (IRA) Capital account balance loan account Accounts payable Tax Exempt Special Savings Account Unmargined account Individual Savings Account Capital account surplus |
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