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The party that is the owner of the account, one who controls or is authorized to use an account. … [Read more...] about ACCOUNT HOLDER

An error or omission as a result of an accountant's negligence, such as not following Generally Accepted Accounting Principles (GAAP). An error usually does not include intentional error such as fraud. … [Read more...] about ACCOUNTING ERROR

To encroach; to exercise power without due authority. To attempt to exercise royal power. 4 Bl. Oomm. 76. A knight who forcibly assaulted and detained one of the king's subjects till he paid him a sum of money was held to have committed treason, on the ground of accroachment. 1 Hale, P. C. 80. … [Read more...] about ACCROACH

com. law. 1: A fund which merchants, traders and others have deposited into the common cash of some bank, to be drawn out by checks from time to time as the owner or depositor may require. 2: The statement of the amount deposited and drawn, which is kept in duplicate, one in the depositor's bank book, and the other in the books of the bank. … [Read more...] about ACCOUNT IN BANK

A manner, system or method used to calculate income and expenses, typically for taxes. Examples include the cash method of accounting, accrual method of accounting. … [Read more...] about ACCOUNTING METHOD