General accounting

General accounting

Use this category for general accounting terms.

Industry: Accounting

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General accounting

Capital lease

Accounting; General accounting

Fixed-term (and usually non-cancelable) lease that is similar to a loan agreement for purchase of a capital asset on installments. The lessor's services are limited to financing the asset, the lessee ...

Double taxation

Accounting; General accounting

Situation where a country levies tax on an income that has already been taxed in the same or another country. For example, corporate profits are taxed when they are earned, and then taxed again as ...

Capital lease

Accounting; General accounting

Lease agreement that meets any one of four criteria: (1) The lease transfers title of the leased asset to the lessee. (2) The lease contains a bargain purchase option. (3) THe lease term is 75% or ...