Also found in: Financial, Acronyms.
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.



(subsidiary account), the intermediate link between synthetic accounts and analytic accounts.

In contrast to synthetic accounts, which are called first-order accounts, subaccounts are second-order accounts, and the analytic accounts they unite to form are third-order accounts, fourth-order accounts, and so on. Subaccounts are used for accounting data of various nomenclature. Thus, the synthetic account “raw and other materials” is divided into five subaccounts, each of which, in turn, may be expressed in greater detail in an analytic account according to place of storage and according to type or group of material assets. Subaccounts are brought into use in order to obtain generalized indicators that are uniform for all enterprises and that supplement the indicators of synthetic accounts. Subaccounts usually establish the direction in which synthetic accounts are given further detail. They are provided for by the bookkeeping plan of accounts and are used for compilation of reports and for analysis of account indicators.

The system of institutions of the Gosbank of the USSR and the Stroibank of the USSR make use of settlement subaccounts, current subaccounts, loan subaccounts, and correspondence subaccounts. Such subaccounts are opened by economic organizations with enterprises not on khozraschet (profit-and-loss accounting) and with organizations in other populated areas located outside of the area of activity of the bank institution in which the principal accounts have been opened.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Figure 1 A B C 1 Primary Subaccount Full Account 2 Cash Checking Cash:Checking 3 Cash Savings Cash:Savings 4 Cash Payroll Cash:Payroll The following formula, written into C2, uses the CONCATENATE function to accomplish this task.
Investors having valid computerised national identity cards, bank accounts in Meezan Bank and CDC subaccounts will be able to electronically register themselves with CDC through this efficient system available 24 hours a day, throughout the year and avail of Meezan Bank's IPO subscription service online.
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Some annuity companies use calculators on their websites to demonstrate that, with certain assumed levels of subaccount performance and at certain assumed holding periods (generally, the longer the better), an individual could actually be better off on an after-tax basis by investing using an IOVA as compared to more traditional investments, such as mutual funds held in brokerage accounts.
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The three new funds, a joint venture of Milliman and ValMark Advisers, are the latest development in what Mungan calls a multiyear effort to create a "sustainable manufacturing model." They embed hedging at the subaccount level rather than at the policy level, which should reduce volatility in account values.
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To date, he notes, the VA products insurers have repurposed for the fee-onhy market tend to come with fewer subaccount investment options and fewer optional benefits.
* Establish a Section 115 trust (governmental); medical subaccount [401 (h)]; or Voluntary Employee Beneficiary Association (VEBA) trust [501(c)(9)];