reserve accounting

The transfer of items directly to reserves, rather than through the profit and loss account. In certain instances this may be permitted, for example in making prior-period adjustments

Accounting dictionary. 2014.

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  • Accounting identity — In finance and economics, an accounting identity is an equality that must be true regardless of the value of its variables, or a statement that by definition (or construction) must be true. [ Principles of Macroeconomics , Mankiw et al., pp. 211… …   Wikipedia

  • Reserve — An accounting entry that properly reflects the contingent liabilities. The New York Times Financial Glossary * * * ▪ I. reserve re‧serve 1 [rɪˈzɜːv ǁ ɜːrv] verb [transitive] 1. TRAVEL to arrange for a place on a plane, in a hotel, in a restaurant …   Financial and business terms

  • reserve — An accounting entry that properly reflects contingent liabilities ( liability). Bloomberg Financial Dictionary * * * ▪ I. reserve re‧serve 1 [rɪˈzɜːv ǁ ɜːrv] verb [transitive] 1. TRAVEL to arrange for a place on a plane, in a hotel, in a… …   Financial and business terms

  • ReServe Interactive — infobox software website = http://www.reserveinteractive.com/ReServe Interactive, in operation since 1996, is headquartered in Delafield, Wisconsin, USA, with its sales and service office located in Livermore, California, USA. The company… …   Wikipedia

  • revaluation reserve account — asset revaluation reserve The reserve account to which the unrealized profit or loss on revaluation must be taken when the alternative accounting rules are used for the valuation of an asset. Companies have the option of choosing another name for …   Accounting dictionary

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