What does valuation account mean?

Definitions for valuation account
val·u·a·tion ac·count

This dictionary definitions page includes all the possible meanings, example usage and translations of the word valuation account.

Princeton's WordNet

  1. valuation reserve, valuation account, allowance, allowance accountnoun

    a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets

ChatGPT

  1. valuation account

    A valuation account is an accounting tool used to carry balances that indirectly adjust the value of specific account types. These are usually linked to asset or liability accounts and used to adjust or offset their balance, such as accumulated depreciation for fixed assets or allowance for doubtful accounts for accounts receivables. Valuation accounts are typically reported on the balance sheet as contra accounts, reducing the book value of the corresponding asset or liability.

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Numerology

  1. Chaldean Numerology

    The numerical value of valuation account in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of valuation account in Pythagorean Numerology is: 3


Translations for valuation account

From our Multilingual Translation Dictionary

  • λογαριασμού αποτίμησηςGreek
  • valuation accountFrench
  • waardering rekeningDutch

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"valuation account." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/valuation+account>.

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