An account that has no accounting function, but rather is an information account that is used for clarification and explanation...

The total or aggregated profit that is made by all the entities (e.g., subsidiaries) forming or belonging to a business...

A type of control under which two or more entities, either by means of ownership, management, or contractual arrangement, are...

It stands for full payout lease; another term for capital lease; a lease in which a lessor finances the leased...

Another term for capital lease; a lease in which a lessor finances the leased asset while the other rights of...

The income that an entity derives from dividends, interest, rent, royalties, or broadly any source of income to which it...

It stands for capital gain tax; a tax that an entity pays on capital gains- that is, gains arising from...

A tax that an entity pays on capital gains- that is, gains arising from selling an asset/ investment that has...

The gains that an entity earns on the sale/ disposal of an asset (in economic terms, a capital asset) which...

A liability account which is expected to carry a debit balance. It decreases other liabilities on the balance sheet by...