Railways

Double Account System
An outdated accounting method used to present financial statements in certain public utilities and railways prior to privatization.
Infrastructure
Infrastructure, also known as social overhead capital, refers to the essential goods and services that require significant investments and are critical for the effective functioning of an economy. This includes elements like roads, railways, sewerage, and electricity supply.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.