Money owed to a concern by purchasers of goods and/or service s provided on credit.

It is not mentioned in N I Act but the essential feature of a n account payee crossing of cheque is the word " Account Payee" or "Account Payee only". Two parellel transverse lines may or may not be there.

Where interest once due recognised as income. It is not requi red to realised actually.Here account is debited with interest amount and recognised the same as income.

Earned interest amount but not yet received.

Auto-Correlation Function

Automated Clearing Houses

Additional Collateralised Lending Facility

Acquirers are banks and financial institutions that collabora te with businesses to accept credit card sales.

The getting right of control in a concern by purchasing the r equired shares.

Accelerated Cost Recovery System