This is when a firm has pending transactions that will occur near the end of the accounting period, and the budget will not change until these are accounted for.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
This is when a firm has pending transactions that will occur near the end of the accounting period, and the budget will not change until these are accounted for.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.