Accounting Records
/ˈækaʊntɪŋ ˈrɛkərdz/
Definitions
- (n.) Documents and records that track financial transactions and provide evidence of business activities for legal and regulatory compliance.
The company produced its accounting records during the audit to verify all reported expenses.
Forms
- accounting record
Related terms
See also
Commentary
Accounting records must be maintained according to applicable laws and standards to ensure accuracy and admissibility in legal and financial proceedings.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.