balance sheet code
Definition
A part of the balance sheet account which indicates balances within a particular fund. The balance sheet code relates to assets and liabilities, both of which must balance against each other when the account is reconciled. Using codes allows a business to record accounting transactions accurately by creating a uniform tracking approach. The code is alphanumeric and often four digits in length.
balance sheet code is in the Accounting & Auditing subject.
balance sheet code appears in the definition of the following term: balance sheet account
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