account book

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account book

The accountant carefully updates the account book on her desk.

Definition

Noun: 1. A book or ledger in which financial transactions are recorded: An "account book" is a physical book or a digital record where a business or individual systematically writes down details of money received and money spent. Its primary purpose is to maintain an accurate and organized history of financial activities.

Usage
  • The noun "account book" is typically used in business, accounting, and legal contexts. It refers to the official record-keeping system for finances.
  • It is often used with verbs like , , , , , and .
Examples
  • The small shop owner kept a meticulous handwritten .
  • Auditors spent a week reviewing the company's .
  • For tax purposes, you must maintain a clear of all your business expenses.
  • The court ordered the firm to submit its as evidence.
Advanced Usage
  • "The books": In business and legal English, the plural form "the books" is a common metonymy referring to a company's complete set of financial records.
    • Example: "The investigation revealed discrepancies in the company's books."
Variants and Related Words
  • Ledger (n): A more formal or technical term for the principal book of account, recording all transactions.
  • Journal (n): A book where transactions are first recorded chronologically before being posted to the ledger.
  • Bookkeeping (n): The activity or occupation of keeping an account book or financial records.
Synonyms
  • Ledger
  • Financial record
  • Book of account
Idioms and Phrases
  • To cook the books: To falsify financial records dishonestly.
    • Example: "The executive was arrested for cooking the books to hide the company's losses."
  • To be in the black/red (based on the books): To be profitable (black) or unprofitable (red) as shown by the financial records.
    • Example: "After a tough year, the business is finally back in the black."
account book

The accountant carefully updates the account book on her desk.

Noun
  1. a record in which commercial accounts are recorded
    • they got a subpoena to examine our books