Accounting Records

(redirected from Books of Accounts)

Accounting Records

All documents that one uses to prepare financial statements and that one may use to defend against an audit. Accounting records include receipts, ledgers, sales records, and so forth. In the United States, one generally must retain accounting records for seven years in order to verify any irregularities that may be discovered later.
References in periodicals archive ?
Distribution of the sample respondents by whom books of accounts of SHGs are maintained is furnished in Table--1.
Across the strata, it is observed that all the members under study comprising of clothes business women, fish vending business women, dairy business women and tiffin stalls business women reported maintenance of books of accounts by the group leader, followed by more than three fourths of the rest of the categories of respondents.
The data provided in Table--III reveals interesting facts that as many as 96 per cent of the sample respondents update their books of accounts regularly.
Across the strata, it is observed that entire sample respondents from all categories with exception of very few of the respondents of clothes business women, vegetables vending business women and petty business women reported updating of books of accounts regularly.
In September 2013, the RBI had directed the company not to transact any business or incur any further liabilities due to the findings of the inspection of the books of accounts and other records as on March 31, 2013.
The depreciated value of Aerostat so transferred would be adjusted by OC in its Books of Accounts towards repayment of Government Loan outstanding against OC.
The depreciated value of the Kitchen Equipment so transferred would be adjusted by OC in its Books of Accounts towards repayment of Government Loan outstanding against OC.
The depreciated value of the assets so transferred would be adjusted by OC in its Books of Accounts towards repayment of Government Loan outstanding against OC.
In certain cases, such acquisitions may involve the outright purchase of other companies and, in others, the direct purchase of books of accounts.
The system offers users a wide variety of options with respect to hardware platform, currency, country, calendar, books of accounts, and support for multi-transaction types.