Books of Account
/ˈbʊks əv əˈkaʊnt/
Definitions
- (n.) Official records and documentation of financial transactions maintained by a business or individual, used for accounting and legal compliance.
The company was required to produce its books of account during the audit.
Forms
- book of account
Related terms
See also
Commentary
Books of account must be maintained accurately to satisfy statutory requirements and can serve as crucial evidence in financial disputes.
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.