method of accounting Synonyms
No Synonyms and anytonyms found
method of accounting Meaning
method of accounting (n)
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
FAQs About the word method of accounting
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
No synonyms found.
No antonyms found.
The exact word method involves recording transactions in the accounting records using the exact words or terms stated in the source documents.
This method ensures that the transactions are accurately and objectively represented in the financial statement.
The exact word method is often used for recording cash transactions, such as receipts and payments.
It is also commonly used for recording transactions that involve specific terms or conditions, such as contracts or warranties.
