Definition of method of accounting Method of accounting
We found 1 definitions of method of accounting from 1 different sources.
Advertising
What does method of accounting mean?
WordNet
Noun |
||
| method of accounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts | ||
| accounting, accounting system | ||
| register a regulator (as a sliding plate) for regulating the flow of air into a furnace or other heating device | ||
| account book, book of account, ledger, leger, book a record in which commercial accounts are recorded; "they got a subpoena to examine our books" | ||
| control account an account that shows totals of amounts entered in a subsidiary ledger | ||
| accounting entry, ledger entry, entry an item inserted in a written record | ||
| credit side account of payments received; usually the right side of a financial statement | ||
| debit side account of payments owed; usually the left side of a financial statement | ||
| 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 | ||
| cash basis a method of accounting in which each item is entered as payments are received or made | ||
| pooling of interest an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-free | ||
| audited account, audit an inspection of the accounting procedures and records by a trained accountant or CPA | ||
= synonym
= antonym
= related word
= antonym
= related word
