method of accounting
English Thesaurus
1. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts (noun.possession)
| hypernym | : | register, |
| definition | : | a book in which names and transactions are listed (noun.possession) |
| hyponym | : | control account, |
| definition | : | an account that shows totals of amounts entered in a subsidiary ledger (noun.possession) |
| hyponym | : | credit side, |
| definition | : | account of payments received; usually the right side of a financial statement (noun.possession) |
| hyponym | : | debit side, |
| definition | : | account of payments owed; usually the left side of a financial statement (noun.possession) |
| hyponym | : | accrual basis, |
| definition | : | 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 (noun.possession) |
| hyponym | : | cash basis, |
| definition | : | a method of accounting in which each item is entered as payments are received or made (noun.possession) |
| hyponym | : | pooling of interest, |
| definition | : | an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-free (noun.possession) |
| hyponym | : | audit, audited account, |
| definition | : | an inspection of the accounting procedures and records by a trained accountant or CPA (noun.possession) |
| hyponym | : | limited review, review, |
| definition | : | (accounting) a service (less exhaustive than an audit) that provides some assurance to interested parties as to the reliability of financial data (noun.possession) |
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