Income/(expense) and Magnetic ink character recognition: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Classify page.)
 
imported>Administrator
(CSV import)
 
Line 1: Line 1:
Income / (expense) is a sign convention under which items of income are positive numbers, and expenses are negative.  
(MICR).
Standard used to encode bank/ branch numbers on the bottom of cheques with magnetic ink which is machine readable. This allows cheques to be cleared through automated systems.


Negative numbers are often shown (in brackets) for emphasis.
== See also ==
* [[Optical character recognition]]
* [[Transit routing number]]


For example:
Income +12
- Expenses (9)
= Net income +3
Taking another example:
Income +12
- Expenses (14)
= Net expenses (2)
==See also==
*[[Assets/(liabilities)]]
*[[B/(W)]]
*[[Financial model]]
*[[Income statement]]
*[[Inflow/(outflow)]]
*[[Mostly positive]]
*[[Sign convention]]
[[Category:The_business_context]]

Revision as of 14:20, 23 October 2012

(MICR). Standard used to encode bank/ branch numbers on the bottom of cheques with magnetic ink which is machine readable. This allows cheques to be cleared through automated systems.

See also


Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Income/(expense)&oldid=31546’