Outrageously Funny Word Dictionary :: Undertakery

👉 In the context of accounting, an "undertaking" refers to a legal or financial obligation that is performed by a company or individual for another entity. It involves the creation and maintenance of records, the preparation and submission of financial statements, and the management of assets and liabilities. An example of an undertaking in accounting might be the preparation of a bank statement showing the balance of a company's accounts receivable. This involves recording transactions such as incoming payments, payments made to customers, and any adjustments

undertakery