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Conta Saco

English translation: clearing account


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:Conta Saco
English translation:clearing account
Entered by: bakteria
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17:37 Sep 4, 2009
Portuguese to English translations [PRO]
Bus/Financial - Accounting / Balance sheet
Portuguese term or phrase: Conta Saco
Audit report on accounting tools.
bakteria
Portugal
clearing account
Explanation:
also "omnibus account"

Usually a temporary account containing costs or amounts that are to be transferred to another account. An example is the income summary account containing revenue and expense amounts to be transferred to retained earnings at the close of a fiscal period.
Selected response from:

Carlos Quandt
Brazil
Local time: 01:31
Grading comment
thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4clearing account
Carlos Quandt
3stock account
VanesaCS


  

Answers


8 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
stock account


Explanation:
:)

VanesaCS
Local time: 00:31
Native speaker of: Native in SpanishSpanish, Native in EnglishEnglish
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10 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
clearing account


Explanation:
also "omnibus account"

Usually a temporary account containing costs or amounts that are to be transferred to another account. An example is the income summary account containing revenue and expense amounts to be transferred to retained earnings at the close of a fiscal period.

Carlos Quandt
Brazil
Local time: 01:31
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 8
Grading comment
thanks
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