off-balance account, off-balance sheet

the accounting account of an enterprise, bank, used to account for funds that do not belong to this enterprise on the basis of ownership, are not included in the balance sheet, are not reflected in its assets and liabilities, for example, leased fixed assets; inventory items accepted for safekeeping; equipment accepted for installation; privatization checks, etc. Unlike balance sheet accounts, in which transaction records are recorded using the double-entry method, for B.C. single records are typical.