A system of bookkeeping when every entry to an account requires a corresponding and opposite entry to a different account, known as debit and credit.
Debts which a business or individual is unlikely to be able to collect. The reasons for potential non-payment can include disputes over supply, delivery, th...
A transaction that is calculated incorrectly.
A transaction that is not recorded.
When an incorrect amount is posted to the correct accounts.
When a mistake is made to one or both sides of a double-entry item and then posted to the wrong account.
An asset may be an exempt asset even though the bankrupt is not in employment at the date of the bankruptcy order if, without the asset, the prospect of the...
A person who is exempt from the general prohibition in respect of that activity.
A type of summary report that identifies any events that are outside the scope of what is considered a normal range. Employed in the process of inventory re...
An amount of money spent.