» accounting system

Noun (1 meaning)

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

accounting, accounting system, method of accounting

accounting system is a type of:
  • register (noun) - a book in which names and transactions are listed
types of accounting system:
  • accrual basis (noun) - 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
  • audited account, audit (noun) - an inspection of the accounting procedures and records by a trained accountant or CPA
  • cash basis (noun) - a method of accounting in which each item is entered as payments are received or made
  • control account (noun) - an account that shows totals of amounts entered in a subsidiary ledger
  • credit side (noun) - account of payments received
accounting system is a member of:
accounting system is derivationally related to: