Slush fund ledger meaning
WebbSlush Fund An account in which a business, government, or individual in either of those hides money for later use. Businesses sometimes hide profits for a given quarter in a slush fund to make later profits look more robust, or even to hide later losses. In government, politicians sometimes use slush funds to hide illegal contributions or bribes to ... WebbA slush fund is a sum of money set aside by an organization as a reserve, whether as a rainy day fund, or for illicit purposes or personal gain. Investopedia uses cookies to …
Slush fund ledger meaning
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Webb16 apr. 2024 · A slush fund refers to a sum of money reserved for specific purposes in a business. Often times, slush funds are sum of money not accounted for, these funds are … Webb3 feb. 2014 · Slush funds have been a part of the political climate ever since. Labor unions, politicians in office, politicians running for office, big corporations, foreign governments, …
Webbslush fund noun [ C ] FINANCE uk us money that is kept by a business or other organization for illegal purposes: The CEO treated this money as his own personal slush fund and … WebbFind 4 ways to say SLUSH FUND, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus.
WebbA slush fund is money that is set aside for unspecified purposes, often for corrupt activities, and is not subject to financial procedures that ensure accountability. It is a … WebbWhat is meant by slush funds? A slush fund is a sum of money that is set aside as a reserve. In accounting, a slush fund is a general ledger account of commingled funds …
Webbslush fund noun a fund for financing political or commercial corruption US nautical a fund accumulated from the sale of slush from the galley Collins English Dictionary - Complete …
Webb24 juni 2024 · A slush fund is a sum of money that is set aside as a reserve. In accounting, a slush fund is a general ledger account of commingled funds that does not have a … phil shlemon floridaWebbIn accounting, the term slush fund describes a general ledger account of commingled funds to which all manner of transactions can be posted, with debits and credits … phil shlemonWebb21 maj 2024 · Petty cash is a small fund of cash kept on hand maintained by a custodian for purchases or reimbursements too small to be worth submitting to the more rigorous purchase and reimbursement ... t shirts with business logosWebbslush fund — slush′ fund n. 1) bus a sum of money used for illicit political purposes, as for buying influence 2) navig. a fund for a ship s crew, formerly raised from the sale of galley waste, for the purchase of small luxuries … From formal English to … t shirts with chickens on themWebbAdditional meaning of Slush Fund: The term slush fund is used in accounting to describe a general ledger account in which all manner of transactions can be posted to … t shirts with cars on itWebbDefinition of slush fund in the Definitions.net dictionary. Meaning of slush fund. ... or secrecy in regard to the use of this money and the means by which the funds were … t-shirts with cat designsWebbLedger Account Meaning. Ledger Account is a journal in which a company maintains the data of all the transactions and financial statement. Company’s general ledger account is organized under the general ledger with the balance sheet classified in multiple accounts like assets, Accounts receivable, account payable, stockholders, liabilities, equities, … t shirts with chickens