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LSDefine
Simple English definitions for legal terms
invisible
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A quick definition of invisible:
Term: INVISIBLE
Definition: When we talk about something being invisible, it means that we cannot see it. In accounting, the term invisible is used to describe things that are not reported in a financial statement. For example, if a company earns money from a source that is not mentioned in their financial statement, we call it invisible earnings.
A more thorough explanation:
INVISIBLE
Invisible, adjective. In accounting, refers to items that are not reported in a financial statement.
- Invisible earnings: Income that is not reported in a company's financial statement, such as money earned from illegal activities.
- Invisible assets: Assets that are not reported in a company's financial statement, such as a company's reputation or brand value.
These examples illustrate how certain items can be considered "invisible" in accounting because they are not reported in a company's financial statement. This can include earnings or assets that are not recognized by traditional accounting methods, but still have value or impact on the company's overall financial health.