English > method of accounting: 1 sense > noun 1, possession| Meaning | A bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts. |
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| Synonyms | accounting, accounting system |
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| Member of | ledger, leger, account book, book of account, book | A record in which commercial accounts are recorded |
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| Narrower | accrual basis | A method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made |
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| audited account, audit | An inspection of the accounting procedures and records by a trained accountant or CPA |
| cash basis | A method of accounting in which each item is entered as payments are received or made |
| control account | An account that shows totals / totals of amounts entered in a subsidiary ledger |
| credit side | account of payments received |
| debit side | account of payments owed |
| entry, accounting entry, ledger entry | A written record of a commercial transaction |
| pooling of interest | An accounting method used in the merging of companies |
| review, limited review | (accounting) a service (less exhaustive than an audit / audit) that provides some assurance to interested parties as to the reliability of financial data |
| Broader | register | A book in which names and transactions are listed |
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| Spanish | contabilidad, sistema de contabilidad |
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| Catalan | comptabilitat |
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