|
 |
||
 |
| This dictionary contains: 8526 juridical terms |
 |
Accounting period
|
|
Accounting periodAn accounting period runs from one accounting reference date to the next (not less than six months and not more than eighteen months) for which a company prepares financial statements and statutory accounts. The profit and loss account relates to the whole period but the balance sheet is taken on the last day of this period.
RELATED TERMS--------------------------------------
Reference
1) Contracts. An agreement to submit to certain arbitrators, matters in dispute between two or more parties, for their decision, and judgment. The persons to whom such matters are referred are sometimes called referees. 2) Mercantile law. A direction or request by a party who asks a credit to the person from whom he expects it, to call on some other person named in order to ascertain the character or mercantile standing of the former. 3) Practice. The act of sending any matter by a court of chancery or one exercising equitable powers, to a master or other officer, in order that he may ascertain facts and report to the court. By reference is also understood that part of an instrument of writing where it points to another for the matters therein contained.
Date
Latin datum, a thing given. The primary signification is time "given" or specified, - in some way ascertained and fixed. In the ancient form the clause ran: datum apud, etc., specifying the place and time; thence called the datum clause, afterward shortened to "date".
Company
An association of a number of individuals for the purpose of carrying on some legitimate business.
Statutory
Relating to a statute; created or defined by a law.
Loss
contracts. The deprivation of something which one had, which was either advantageous, agreeable or commodious.
Account
Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them.
Balance
Com. law. The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts.
SIMILAR TERMS--------------------------------------
Accomenda
Martial law. In Italy, is a contract which takes place when an individual entrusts personal property with the master of a vessel, to be sold for their joint account. In such case, two contracts take place; first, the contract called mandatum, by which the owner of the property gives the master power to dispose of it, and the contract of partnership, in virtue of which, the profits are to be divided between them. One party runs the risk of losing his capital, the other his labor. If the sale produces no more than first cost, the owner takes all the proceeds; it is only the profits which are to be divided.
Accommodation
Contracts. An amicable agreement or composition between two contending parties.
Accomodation
Com. law. That which is done by one merchant or other person for the convenience of some other, by accepting or endorsing his paper, or by lending him his notes or bills.
Accomplice
In fraud, a partner to the fraud scheme.
Accord
A satisfaction agreed upon between the parties in a lawsuit which bars subsequent actions on the claim.
Accord and satisfaction
A term of contract law by which one party, having complied with its obligation under a contract, accepts some type of compensation from the other party (usually money and of a lesser value) in lieu of enforcing the contract and holding the other party to their obligation.
Accouchement
The act of giving birth to a child. The fact of the accouchement may be proved by the direct testimony of one who was present, as a physician, a midwife, or other person.
Account
Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them.
Account current
A running or open account between two persons.
Account in bank
Com. law. 1) A fund which merchants, traders and others have deposited into the common cash of some bank, to be drawn out by checks from time to time as the owner or depositor may require. 2) The statement of the amount deposited and drawn, which is kept in duplicate, one in the depositor's bank book, and the other in the books of the bank
Account of sales
Common law. An account delivered by one merchant or tradesman to another, or by a factor to his principal, of the disposal, charges, commissions and net proceeds of certain merchandise consigned to such merchant, tradesman or factor, to be sold.
Account-book
A book kept by a merchant, trader, mechanic, or other person, in which are entered from time to time the transactions of his trade or business.
Accountant
1) One who is versed in accounts; 2) A person or officer appointed to keep the accounts of a public company; 3) He who renders to another or to a court a just and detailed statement of the administration of property which he holds as trustee, executor, admnistrator or guardian.
Accounting reference date
The Accounting Reference Date is the date on which the financial year of a company ends, defining the period for which its statutory accounts are to be prepared.
Accouple
To accouple is to marry
PREVIOUS AND NEXT TERMS--------------------------------------
Account current
A running or open account between two persons.
Account in bank
Com. law. 1) A fund which merchants, traders and others have deposited into the common cash of some bank, to be drawn out by checks from time to time as the owner or depositor may require. 2) The statement of the amount deposited and drawn, which is kept in duplicate, one in the depositor's bank book, and the other in the books of the bank
Account of sales
Common law. An account delivered by one merchant or tradesman to another, or by a factor to his principal, of the disposal, charges, commissions and net proceeds of certain merchandise consigned to such merchant, tradesman or factor, to be sold.
Accountant
1) One who is versed in accounts; 2) A person or officer appointed to keep the accounts of a public company; 3) He who renders to another or to a court a just and detailed statement of the administration of property which he holds as trustee, executor, admnistrator or guardian.
Account-book
A book kept by a merchant, trader, mechanic, or other person, in which are entered from time to time the transactions of his trade or business.
Accounting period
Accounting reference date
The Accounting Reference Date is the date on which the financial year of a company ends, defining the period for which its statutory accounts are to be prepared.
Accouple
To accouple is to marry
Accredit
International law. The act by which a diplomatic agent is acknowledged by the government near which he is sent. This at once makes his public character known, and becomes his protection.
Accretion
The increase of land by the washing of the seas or rivers.
Accrue
1) Literally to grow to; as the interest accrues on the principal. 2) To accrue means also to arise, to happen, to come to pass; as thestatute of limitations does not commence running until the cause of actionstatute of limitations has accrued.
RELATED TERMS--------------------------------------
Reference
1) Contracts. An agreement to submit to certain arbitrators, matters in dispute between two or more parties, for their decision, and judgment. The persons to whom such matters are referred are sometimes called referees. 2) Mercantile law. A direction or request by a party who asks a credit to the person from whom he expects it, to call on some other person named in order to ascertain the character or mercantile standing of the former. 3) Practice. The act of sending any matter by a court of chancery or one exercising equitable powers, to a master or other officer, in order that he may ascertain facts and report to the court. By reference is also understood that part of an instrument of writing where it points to another for the matters therein contained.
Date
Latin datum, a thing given. The primary signification is time "given" or specified, - in some way ascertained and fixed. In the ancient form the clause ran: datum apud, etc., specifying the place and time; thence called the datum clause, afterward shortened to "date".
Company
An association of a number of individuals for the purpose of carrying on some legitimate business.
Statutory
Relating to a statute; created or defined by a law.
Loss
contracts. The deprivation of something which one had, which was either advantageous, agreeable or commodious.
Account
Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them.
Balance
Com. law. The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts.
SIMILAR TERMS--------------------------------------
Accomenda
Martial law. In Italy, is a contract which takes place when an individual entrusts personal property with the master of a vessel, to be sold for their joint account. In such case, two contracts take place; first, the contract called mandatum, by which the owner of the property gives the master power to dispose of it, and the contract of partnership, in virtue of which, the profits are to be divided between them. One party runs the risk of losing his capital, the other his labor. If the sale produces no more than first cost, the owner takes all the proceeds; it is only the profits which are to be divided.
Accommodation
Contracts. An amicable agreement or composition between two contending parties.
Accomodation
Com. law. That which is done by one merchant or other person for the convenience of some other, by accepting or endorsing his paper, or by lending him his notes or bills.
Accomplice
In fraud, a partner to the fraud scheme.
Accord
A satisfaction agreed upon between the parties in a lawsuit which bars subsequent actions on the claim.
Accord and satisfaction
A term of contract law by which one party, having complied with its obligation under a contract, accepts some type of compensation from the other party (usually money and of a lesser value) in lieu of enforcing the contract and holding the other party to their obligation.
Accouchement
The act of giving birth to a child. The fact of the accouchement may be proved by the direct testimony of one who was present, as a physician, a midwife, or other person.
Account
Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them.
Account current
A running or open account between two persons.
Account in bank
Com. law. 1) A fund which merchants, traders and others have deposited into the common cash of some bank, to be drawn out by checks from time to time as the owner or depositor may require. 2) The statement of the amount deposited and drawn, which is kept in duplicate, one in the depositor's bank book, and the other in the books of the bank
Account of sales
Common law. An account delivered by one merchant or tradesman to another, or by a factor to his principal, of the disposal, charges, commissions and net proceeds of certain merchandise consigned to such merchant, tradesman or factor, to be sold.
Account-book
A book kept by a merchant, trader, mechanic, or other person, in which are entered from time to time the transactions of his trade or business.
Accountant
1) One who is versed in accounts; 2) A person or officer appointed to keep the accounts of a public company; 3) He who renders to another or to a court a just and detailed statement of the administration of property which he holds as trustee, executor, admnistrator or guardian.
Accounting reference date
The Accounting Reference Date is the date on which the financial year of a company ends, defining the period for which its statutory accounts are to be prepared.
Accouple
To accouple is to marry
PREVIOUS AND NEXT TERMS--------------------------------------
Account current
A running or open account between two persons.
Account in bank
Com. law. 1) A fund which merchants, traders and others have deposited into the common cash of some bank, to be drawn out by checks from time to time as the owner or depositor may require. 2) The statement of the amount deposited and drawn, which is kept in duplicate, one in the depositor's bank book, and the other in the books of the bank
Account of sales
Common law. An account delivered by one merchant or tradesman to another, or by a factor to his principal, of the disposal, charges, commissions and net proceeds of certain merchandise consigned to such merchant, tradesman or factor, to be sold.
Accountant
1) One who is versed in accounts; 2) A person or officer appointed to keep the accounts of a public company; 3) He who renders to another or to a court a just and detailed statement of the administration of property which he holds as trustee, executor, admnistrator or guardian.
Account-book
A book kept by a merchant, trader, mechanic, or other person, in which are entered from time to time the transactions of his trade or business.
Accounting period
Accounting reference date
The Accounting Reference Date is the date on which the financial year of a company ends, defining the period for which its statutory accounts are to be prepared.
Accouple
To accouple is to marry
Accredit
International law. The act by which a diplomatic agent is acknowledged by the government near which he is sent. This at once makes his public character known, and becomes his protection.
Accretion
The increase of land by the washing of the seas or rivers.
Accrue
1) Literally to grow to; as the interest accrues on the principal. 2) To accrue means also to arise, to happen, to come to pass; as thestatute of limitations does not commence running until the cause of actionstatute of limitations has accrued.
We thank you for using the Juridical Dictionary to search for Accounting period. If you have a better definition for Accounting period than the one presented here, please let us know by making use of the suggest a term option. This definition of Accounting period may be disputed by other professionals. Our attempt is to provide easy definitions on Accounting period and any other medical topic for the public at large.
This dictionary contains 8526 terms.
|
|