books of account


books of account
The ledgers, journals, and other accounting records in which a business records its transactions. If the business is a limited company the accounting records must show in sufficient detail the position of the company at any time. See statutory books

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • books of account — ˌbooks of acˈcount noun [plural] ACCOUNTING the accounting records of a business; = BOOK * * * books of account UK US noun [plural] ACCOUNTING ► a company s financial records: »The manager is responsible for keeping the books of account up to… …   Financial and business terms

  • books of account — Books in which merchants, traders, and businessmen generally keep their accounts; including journals, ledgers, and other accounting records. Entries made in the regular course of business. Nicola v. U.S., C.C.A.Pa., 72 F.2d 780, 783. Serial,… …   Black's law dictionary

  • books of account — Books in which merchants, traders, and businessmen generally keep their accounts; including journals, ledgers, and other accounting records. Entries made in the regular course of business. Nicola v. U.S., C.C.A.Pa., 72 F.2d 780, 783. Serial,… …   Black's law dictionary

  • books of account — The ledgers, day books, and other accounting records in which a business records its transactions. If the business is a limited company the accounting records must show in sufficient detail the position of the company at any time. See: statutory… …   Accounting dictionary

  • books of account — See book of account …   Ballentine's law dictionary

  • books of account — See *book (definition 1) …   Auditor's dictionary

  • proper books of account — The books of account of a merchant or trader kept in such a manner, however inartistic or unprofessional it may be, that the real condition of the financial affairs of the business may be ascertained and determined upon an examination thereof.… …   Ballentine's law dictionary

  • records and books of account — The serial, continuous, and permanent memorials of it concern s business and affairs, chronologically and systematically kept and arranged. Cudahy Packing Company v United States (CA7 Ill) 15 F2d 133 …   Ballentine's law dictionary

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • account — 1) A statement of indebtedness from one person to another. A provider of goods or services may render an account to a client or customer (see sales invoice). 2) A named segment of a ledger recording transactions relevant to the person or the… …   Big dictionary of business and management