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Anonymous Asked in Cars &Transportation · 2 weeks ago

What is a group account?

Contents
  1. What is meant by group account?
  2. What is the purpose of group accounts?
  3. What is a group of accounts called?
  4. What is a group in Group accounting?
Group account is a book account whose assets consist of the balances and reservations on the current account of group members and the overdraft of the group.


What is meant by group account?

Meaning of group accounts in English accounts that show the total financial results of a group of companies for a particular period, rather than the separate results of each company: In preparing group accounts, both companies translate foreign currencies into terms of pounds.

What is the purpose of group accounts?

The purpose of group accounts is to report the results and financial position of the businesses in a way that makes them readily comparable, even though they have different legal structures.

What is a group of accounts called?

A group of accounts is called a ledger.

What is a group in Group accounting?

Group Accounts means the unconsolidated and consolidated quarterly accounts and financial statements of the Issuer for any such period, drawn up according to GAAP.

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