Glossary entry (derived from question below)
English term or phrase:
plug figure
Arabic translation:
مبلغ تقريبي/تقديري
Added to glossary by
Mowafak Mohamed
Jun 6, 2023 12:17
1 yr ago
6 viewers *
English term
plug figure
English to Arabic
Bus/Financial
Accounting
Personal net worth (N/W) is a “plug figure”—the difference between total assets and total liabilities—which in the case of Jan and Jon Smith is $73,275.
Proposed translations
(Arabic)
5 | مبلغ تقريبي/تقديري |
Mowafak Mohamed
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5 | حساب مبلغ التوفيق |
Islam Taha
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Change log
Jun 6, 2023 17:06: Mowafak Mohamed Created KOG entry
Proposed translations
47 mins
Selected
مبلغ تقريبي/تقديري
The most basic definition of a plug may be "a placeholder number which is used in an overall cost or budget estimate until a more accurate figure can be obtained".
https://en.wikipedia.org/wiki/Plug_(accounting)
https://en.wikipedia.org/wiki/Plug_(accounting)
4 KudoZ points awarded for this answer.
8 mins
حساب مبلغ التوفيق
حساب مبلغ التوفيق
Definition: an account on the projected Balance Sheet that serves to ensure the statement actually "balances".
A plug, also known as reconciling amount, is an unsupported adjustment to an accounting record or general ledger. Ideally, bookkeeping should account for all numbers during reconciliation, i.e. when comparing two sets of accounting records to make sure they are in agreement.
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Note added at 19 دقائق (2023-06-06 12:37:12 GMT)
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ويفضل أن يتم ترجمتها "الحساب التوفيقي"
لأن plug
المبلغ التوفيقي في هذه الحالة يستخدم لعدم البحث في صفحات كثيرة عن مبالغ تعتبر بسيطة ستأخذ مجهودًا أكثر من المطلوب.
وركز على أن المبلغ immaterial
أي أنه مبلغ لا يُذكر
مقارنة بالمجهود الذي سيُبذل في العثور عليه عند التدقيق
انظر بقية التعريف
However, discrepancies, i.e. unintentional accounting errors can occur, for example due to data entry, or an adding or a rounding error. An organization may use a plug for an immaterial amount, because it may not be cost effective to search through numerous pages of transactions to find the error.
The acceptability of a plug depends upon the amount: a plug must be immaterial in order to be justified.
Definition: an account on the projected Balance Sheet that serves to ensure the statement actually "balances".
A plug, also known as reconciling amount, is an unsupported adjustment to an accounting record or general ledger. Ideally, bookkeeping should account for all numbers during reconciliation, i.e. when comparing two sets of accounting records to make sure they are in agreement.
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Note added at 19 دقائق (2023-06-06 12:37:12 GMT)
--------------------------------------------------
ويفضل أن يتم ترجمتها "الحساب التوفيقي"
لأن plug
المبلغ التوفيقي في هذه الحالة يستخدم لعدم البحث في صفحات كثيرة عن مبالغ تعتبر بسيطة ستأخذ مجهودًا أكثر من المطلوب.
وركز على أن المبلغ immaterial
أي أنه مبلغ لا يُذكر
مقارنة بالمجهود الذي سيُبذل في العثور عليه عند التدقيق
انظر بقية التعريف
However, discrepancies, i.e. unintentional accounting errors can occur, for example due to data entry, or an adding or a rounding error. An organization may use a plug for an immaterial amount, because it may not be cost effective to search through numerous pages of transactions to find the error.
The acceptability of a plug depends upon the amount: a plug must be immaterial in order to be justified.
Example sentence:
https://en.wikipedia.org/wiki/Plug_(accounting)
https://instruct.uwo.ca/business/bus020-mwf/FQA_FM.htm
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