Accounting

Of book and register.   May also be referred to as accounting system and method of accounting.

A bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts.

This concept's ID is @1~67181

Contains

  • audit 3 facts

    An inspection of the accounting procedures and records by a trained accountant or CPA.

  • entry 3 facts

    A written record of a commercial transaction.

  • review 1 facts

    (accounting) a service (less exhaustive than an audit) that provides some assurance to interested...

  • control account 0 facts

    An account that shows totals of amounts entered in a subsidiary ledger.

  • debit side 0 facts

    Account of payments owed; usually the left side of a financial statement.

  • credit side 0 facts

    Account of payments received; usually the right side of a financial statement.

  • cash basis 0 facts

    A method of accounting in which each item is entered as payments are received or mad...

  • accrual basis 0 facts

    A method of accounting in which each item is entered as it is earned or incurred regardless...

  • pooling of interest 0 facts

    An accounting method used in the merging of companies; the balance sheets are...