TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LIQUIDATION ACCOUNT [1 record]

Record 1 2003-04-10

English

Subject field(s)
  • Financial and Budgetary Management
  • Financial Accounting
DEF

An account sometimes used in the liquidation of an estate or business, in which the proceeds from the sale of the assets are offset against the book values of the assets, thus showing the profit or loss on realization.

French

Domaine(s)
  • Gestion budgétaire et financière
  • Comptabilité générale
DEF

Compte dans lequel on inscrit, lors de la liquidation d'une succession ou d'une entreprise, le produit de la vente des éléments d'actif et leur valeur comptable de manière à faire ressortir le profit ou la perte résultant de la liquidation.

Spanish

Campo(s) temático(s)
  • Gestión presupuestaria y financiera
  • Contabilidad general
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