The Legal and Accounting Dimension of Pawn

Abstract

The growing tendency of transactions taking place in pawn shops, their importance in obtaining financial resources in times of economic crisis and the need to get complete and accurate accountancy information are the reasons of approaching legal and accountancy aspects regarding pawn. Following the course of the thematic ground, the paper presents the theoretical senses of pawn, the legal framework for the operations taking place in pawn shops, the accounting instruments used in practice, as well as the pawn’s implications for the owners of the goods and of the pawn shops. In the current environment, which is continuously changing, this paper wants to be a support element for the ample and complex process of procuring financial resources and managing information.