Line item

Line item

A unit of information in a document, record, or statement, shown on a separate line of its own. Line items often refers to a budget element that is separately identified.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Accounting
Category: Auditing
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Related terms

line item

Accounting; Auditing

A unit of information in a document, record, or statement, shown on a separate line of its own. Line items often refers to a budget element that is separately identified.

line item

Engineering; Civil engineering

A specified amount in a budget to spend on a particular activity.

line item

Retail; ignore

A single item on a ticket, order, or PO.

line item

Insurance; Medicare & Medicaid

Service or item specific detail of claim.

line item of budget

Military; Missile defense

A specific program end item with its own identity (e.g., B-1B Bomber).

line item veto

Government; U.S. Constitution

The authority of the executive (often the governor) to veto parts of bill without vetoing the entire piece of legislation.

share a term with millions

Accounting; Auditing

Share a term with millions of users around the world and increase your online visibility.Share a term with millions of users around the world and increase your online ...

define1

Accounting; Auditing

Share a term with millions of users around the world and increase your online visibility.Share a term with millions of users around the world and increase your online ...

segregation of duties

Accounting; Auditing

means assigning different people the responsibilities of authorizing transactions, recording transactions, and maintaining custody of assets. Segregation of duties reduces the ...

revenue cycle

Accounting; Auditing

The portion of a company that fills customer orders, accounts for receivables, and collects those receivables.

self-checking digit

Accounting; Auditing

An extra digit is added to a number. The extra digit is computed from the other digits in the number. The computer program can then check input by recomputing and comparing the ...

review

Accounting; Auditing

To examine again. The overall review of audit documentation is completed after field work. A peer review is a practice monitoring program in which audit documentation of one CPA ...

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