Lexic.us

Definition of Reserve account

1. Noun. Funds taken out of earnings to provide for anticipated future payments.

Lexicographical Neighbors of Reserve Account

Literary usage of Reserve account

Below you will find example usage of this term as found in modern and/or classical literature:

1. Practical Bank Operation by Loyd Helvetius Langston, First National City Bank of New York (1921)
"Sendings which are immediately available are, of course, charged by the sending bank to its Lawful reserve account and they do not enter this collection ..."

2. Cost Accounting: Principles and Practice by John Packard Jordan, Gould Leach Harris (1920)
"Interest reserve account and Interest Income Account Method The criticism that interest inclusion inflates inventories and anticipates profits has led to ..."

3. Advanced Accounting by Lawrence Robert Dicksee, James Edward Geoffrey De Montmorency (1903)
"In such cases it is better to open a reserve account, to which the provision for Depreciation nny be credited. In the Balance Sheet the credit balance of ..."

4. Railroad Finance by Frederick Albert Cleveland, Fred Wilbur Powell (1912)
"5 reserve account for Each Class of Equipment.—Under the old classification repairs, renewals, and depreciation were combined under one formal ..."

5. Auditing Theory and Practice by Robert Hiester Montgomery (1912)
"The author's test, therefore, is that a reserve account, to properly appear among the liabilities on a balance sheet, must represent: ..."

6. Municipal Accounting by De Witt Carl Eggleston (1914)
"The balance of the Insurance Prepaid reserve account appears under the ... Stores Reserve (Account 33) This account is an offset to the Stores account. ..."

7. Municipal Accounting by De Witt Carl Eggleston (1914)
"The balance of the Insurance Prepaid reserve account appears under the ... Stores Reserve (Account 33) This account is an offset to the Stores account. ..."

8. Municipal Accounting by De Witt Carl Eggleston (1914)
"The balance of the Insurance Prepaid reserve account appears under the ... Stores Reserve (Account 33) This account is an offset to the Stores account. ..."

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