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A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by ...
Agency or Custodian funds are held to account for resources before they are disbursed according to the donor's instructions. The organisation has little or no discretion over the use of these resources and always equal liabilities in agency accounts. Current funds – restricted are current assets subject to restrictions assigned by donors or ...
The classification of accounts into real, personal and nominal is based on their nature i.e. physical asset, liability, juristic entity or financial transaction. The further classification of accounts is based on the periodicity of their inflows or outflows in the context of the fiscal year: Income is a short term inflow during the fiscal year.
Restricted investment accounts (RIA) enable customers to specify the investment mandate and the underlying assets that their funds may be invested in, unrestricted investment accounts (UIAs) do not, [ 358 ] leaving the bank or investing institution full authority to invest funds as "it deems fit", unrestricted by purpose, geography, or means of ...
Net Assets Restricted by Enabling Legislation—an amendment of GASB Statement No. 34: Dec.2004: Amended by GASBS 63; 47. Accounting for Termination Benefits: June 2005: Amended by various GASBS; 48. Sales and Pledges of Receivables and Future Revenues and Intra-Entity Transfers of Assets and Future Revenues September 2006: Amended by GASBS 63 ...
legal reserve fund - it is required in many laws and it must be paid as a percentage of share capital share premium - amount paid by shareholders for shares in excess of their nominal value. Within the framework of capital increase by share premium a larger proportion of capital increase is placed into a capital reserve while the subscribed ...
The Controller General of Accounts (CGA) (Urdu: حسابدارِ اعلٰی حسابات پاکستان) is the premier accounting office of the Government of Pakistan. The Office is entrusted with the task of producing accurate and timely financial statements for the federation. It was formed under an ordinance issued in 2001.
In the United States, a negotiable order of withdrawal account (NOW account) is an interest-paying deposit account on which an unlimited number of checks may be written. [1]A negotiable order of withdrawal is essentially identical to a check drawn on a demand deposit account, but US banking regulations define the terms "demand deposit account" and "negotiable order of withdrawal account ...