In general, initial recognition is the recognition of an item (e.g., asset, expense, etc.) that would occur if an entity...

A general ledger account (GL account) that does not close at the end of the accounting year (as opposed to...

A type of account (a general ledger account/ GL account) that closes at the end of each accounting year. Basically,...

A type of account (a general ledger account/ GL account) that closes at the end of each accounting year. Basically,...

A general ledger account (GL account) that does not close at the end of the accounting year (as opposed to...

An account that, in contrast to impersonal accounts, is held for each of an entity's credit customers, suppliers, or other...

An account that is not held in the name of a certain person (natural or legal person). Such an account...

A control account that is maintained for the purpose of exercising control over the costing ledgers. It appears in the...

A control account that is maintained for the purpose of exercising control over the costing ledgers. It appears in the...

An investment account for which a holder pays it cost in the form of a "wrapped" fee, covering all of...