Maturity Date
The maturity date is the specific day when a debt obligation, such as a loan or bond, becomes due for repayment. On this date, the principal amount, along with any remaining interest, must be paid to the lender or investor. It marks the end of a financial instrument’s life.
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Merger Accounting
Merger accounting refers to how the books are consolidated when two companies combine. Depending on the type of merger, acquisition,…
Money Measurement Concept
This accounting concept states that only transactions measurable in monetary terms are recorded in the books. Non-quantifiable events like employee…
Modified Accrual Accounting
Modified accrual accounting blends elements of cash and accrual methods. Commonly used in government and nonprofit entities, it recognizes revenues…
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