What Is Disintermediation? Explain with an Example How It Proved

question 59

Essay

What is disintermediation? Explain with an example how it proved advantageous to a firm.

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Definitions:

Dividends

A portion of a company's earnings distributed to shareholders as a return on their investment.

Miscellaneous Expense

Small, often irregular costs that do not fit well into other categories of a budget or financial statement.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts’ balances to permanent ones, resetting the temporary accounts for the next period.

Journalized

The process of recording transactions in a company's journal, marking the first step in the accounting process.