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Cash Account

A brokerage account whose holder is required to immediately make cash payments on purchases and deliveries on sales of securities,...

Line Item

The distinct title of an accounting entry or account as it appears on its own line in a bookkeeping ledger...

Treasury Stock Account

A contra account (contra equity account) that is recorded in the shareholder's equity section of the statement of financial position...

Condensed FS

A financial statement (FS) that lays out a minimum content for interim financial reporting requirements. This is meant to provide...

Condensed Financials

A financial statement that lays out a minimum content for interim financial reporting requirements. This is meant to provide a...

Contra Revenue Account

A contra account for revenues, i.e., a revenue account that has a debit balance, rather than the credit balance of...

Contra Revenues Account

A contra account for revenues, i.e., a revenues account that has a debit balance, rather than the credit balance of...

Condensed Financial Statement

A financial statement that lays out a minimum content for interim financial reporting requirements. This is meant to provide a...

Legal Liability

A liability (financial obligation) that arises from an entity's actions and the others' expectations built on such actions where the...

Legal Obligation

A liability (financial obligation) that arises from an entity's actions and the others' expectations built on such actions where the...