book of account

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book of account

n
(Accounting & Book-keeping) another name for journal4a
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.book of account - a record in which commercial accounts are recordedbook of account - a record in which commercial accounts are recorded; "they got a subpoena to examine our books"
record - a document that can serve as legal evidence of a transaction; "they could find no record of the purchase"
cost ledger - ledger showing the accumulated costs classified in various ways
general ledger - the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts)
subsidiary ledger - details of an account supporting the amount stated in the general ledger
daybook, journal - a ledger in which transactions have been recorded as they occurred
accounting system, method of accounting, accounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
References in periodicals archive ?
A COMMUNITY council has been criticised for not maintaining proper accounting records and failing to demonstrate proper management of public funds.
Edward Ouko in his assessment for the period under review said the state owned dairy firm kept adequate accounting records of its operations.
"Eng Mosonik, the erstwhile accounting officer, should be reprimanded for failure to ensure that the ministry kept correct financial and accounting records that are supported by necessary documents and reconciled in line with the PFM Act of 2012," the report says.The committee further wants the Ethics and Anti-Corruption Commission (EACC) to expedite investigations on irregularities in retention funds "with a view to prosecute those involved in the misuse of public funds.
Menard would deposit the money into the firm's trust account, withdraw it and deposit it into the firm's business account, then withdraw money from that account to pay personal expenses, business expenses or withdraw the money and deposit it into Menard's new law firm's business account.<br />The OLR also alleges Menard failed to keep proper trust accounting records and lied to the OLR that he had hired an IT firm to reconstruct those records.<br />The OLR is seeking the revocation of Menard's law license and an order for Menard to pay more than $113,000 in restitution.<br />Menard responded to the charges in an answer filed May 18, denying the OLR's allegations of misconduct and asking for the complaint to be dismissed.
Baker was suspended for three years, nunc pro tunc to March 24, 2014, with conditions, for engaging in gross negligence of trust account management in violation of Rules 5-1.1 (trust accounts) and 5-1.2 (trust accounting records and procedures).
Instead of proving he had no income, the court pointed out Mendez failed to submit his accounting records and other documents despite notice by Bureau of Internal Revenue officers.
Retention periods are not specified for the submitting entity's copies, but many of them are subject to retention requirements for accounting records.
ISLAMABAD -- Securities and Exchange Commission of Pakistan in its recent meeting has withdrawn the 1990 Vegetable Ghee and Cooking Oil Companies (Cost Accounting Records) Order, and issued a circular requiring appointment of QCR-rated auditors for performance of cost audit.
Quoting an expert report which was used as the basis for the decision to seize Koza ypek Holding, several pro-government dailies published reports on Wednesday arguing that inspectors found questionable transactions in Koza's accounting records which were listed as donations and that Koza finances its operations using those mysterious resources.
The fixed-asset accounting records of an organization have more far-reaching effects than they are typically given credit for.
ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) has extended the applicability in respect of compliance of Synthetic and Rayon Companies (Cost Accounting Records) Order 2012.

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