account format
Definition
One of the two common arrangements in which the information in a balance sheet is presented. Account format lists assets on the left hand side, and liabilities and owners' equity on right hand side of the page. In comparison, report format lists assets on top of the page, followed downward by liabilities and owners' equity. Also called account form.
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account format is in the Accounting & Auditing subject.
account format appears in the definitions of the following terms: report format and account form
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