The-definition.com

Definition

Accounting unit

Accounting unit means any unit which takes part in financial transactions which are recorded in a set of accounts. It can be a department, a sole trader, a Plc or some other unit.

Category: Economics
References
Share it:  Cite

More from this Section

  • Political business cycle
    Political business cycle is a business cycle caused by expansionary policies before an ...
  • Transfer of Death (TOD) Account
    Transfer-on-death (TOD) Account applies to designated beneficiaries who acquire properties ...
  • Max Pain
    Max Pain refers to a circumstance where the stock value contracts onto an alternative ...
  • Borrowed reserves
    Borrowed reserves is a bank’s borrowings from the Fed. ...
  • Cash Ratio
    The Cash Ratio is a financial measure that assesses a company's capacity to repay current ...