Glossary entry

Dutch term or phrase:

'in min'

English translation:

on the liabilities side

Added to glossary by MoiraB
Jun 2, 2008 13:33
15 yrs ago
Dutch term

'in min'

Dutch to English Bus/Financial Finance (general)
Person here is talking about an in-house training course he's done: finance for non-financial managers (initiates people with no financial training into the mysteries of financial management). X is the cargo handling company he works for.

“Als ik nu het financieel verslag van X inkijk, schrik ik niet meer van wat ‘in min’ staat. Ik kan de verschillende kostenposten beter interpreteren, bijvoorbeeld dat onder de kostprijs van een kraan ook de afschrijving ervan thuishoort.”

Quotes used in the original. Something to do with liabilities?

Proposed translations

+1
30 mins
Selected

on the liabilities side

of the balance sheet, as you rightly lean towards.
or balance sheet liabilities

See:
Reading The Balance Sheet- [ Vertaal deze pagina ]A balance sheet, also known as a "statement of financial position", reveals a company's assets, liabilities and owners' equity (net worth). ...
www.investopedia.com/articles/04/031004.asp - 42k - In cache - Gelijkwaardige pagina's

Balance Sheet: Definition and additional resources from BNET- [ Vertaal deze pagina ]Balance Sheet: a financial report stating the total assets, liabilities, and owners' equity of an organization at a given date, usually the last day of the ...
dictionary.bnet.com/definition/Balance+Sheet.html - 54k - In cache - Gelijkwaardige pagina's

Preparing A Balance Sheet- [ Vertaal deze pagina ]The balance sheet also shows the composition of assets and liabilities, the relative proportions of debt and equity financing and the amount of earnings ...
www.va-interactive.com/inbusiness/editorial/finance/intemp/...
Peer comment(s):

agree Mark Straver : "Baten" vs. "kosten" in a report like that, being assets and liabilities in English; so it would be on the liabilities side or something to that effect.
19 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Sounds clear to me, and I'm one of those financial dummies ;-) Thanks, everyone!"
-1
2 mins

debit

... negative balances
Peer comment(s):

disagree Kitty Brussaard : In accountancy/bookkeeping, debit amounts are conventionally shown as positive amounts. 'Bedragen in min' are credit amounts :-)
6 hrs
Je hebt gelijk, ik schrik van een schuld aan anderen (credit), niet van een schuld aan mij (debit). Wel zeg je "I have a debt" en dat betekent dat je geld aan derden schuldig bent.... Hoogst verwarrend! Ik ga een nieuw antwoord invullen!
Something went wrong...
59 mins

minus (amounts)

Perhaps to refer to 'minus amounts' comes closest to the original text, which has a rather colloquial style and is also uttered (according to your information) by a 'financial dummy' :-)

We already said that it is universally agreed that Liabilities are considered "minus" amounts that we call Credits. The list above tells you that somehow ...
www.brrinc.org/articles/accounting/accounting_is_not_a_myst...

Example sentence:

..... I'm no longer baffled by minus amounts ....

Peer comment(s):

neutral Dave Calderhead : The sentence refers to financial reports and the next one to expense items ;D
2 hrs
Thanks for your comment Dave :-)
Something went wrong...
9 hrs

negative numbers

Vind ik een betere oplossing dan deb(i)t - verwarrend (& fout dus).
For a long time, negative solutions to problems were considered "false" because they could not be found in the real world (in the sense that one cannot, for example, have a negative number of seeds). The abstract concept was recognised as early as 100 B.C. – 50 B.C. A Chinese work, Nine Chapters on the Mathematical Art (Jiu-zhang Suanshu), contains methods for finding the areas of figures; red counting rods were used to denote positive coefficients, black rods for negative. The Chinese were also able to solve simultaneous equations involving negative numbers. The ancient Indian Bakhshali Manuscript, which was written at some time between 200 B.C. and A.D. 300, [1] carried out calculations with negative numbers, using "+" as a negative sign. These are the earliest known uses of negative numbers.
http://en.wikipedia.org/wiki/Negative_and_non-negative_numbe...
Peer comment(s):

neutral Mark Straver : The financial term for costs on a balance or report is liabilities; it all depends on how "formal" the context is.
10 hrs
Aangezien de tekst imo juist niet formeel is, zou ik hiervoor kiezen.
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