Account Book

B1 16+
  • Frequency of Use
    60 %
  • Retention Rate
    30 %
  • Complexity
    40 %
  • Account Book Meanings

    noun a book in which financial transactions are recorded

    Fields related to account book

    Finance

    Account books play a crucial role in financial management by tracking income, expenses, and profits.

    Accounting

    In accounting, an account book is used to record financial transactions such as sales, purchases, and expenses.

    Personal Finance

    Individuals can use account books to monitor their personal expenses, savings, and investments.

    Small Business Management

    Entrepreneurs often use account books to keep track of their business finances and make informed decisions.

    Bookkeeping

    Account books are essential tools for bookkeepers to maintain accurate financial records for businesses.

    Occupation Usage of account book

    Writer

    In the context of a writer, an account book may be used to track income and expenses related to writing projects, keep records of royalties and advances, and manage tax deductions for writing-related expenses.

    Psychologist

    For a psychologist, an account book can be used to track client payments, expenses related to running a private practice, and keep records of professional development expenses for tax purposes.

    Small Business Owner

    A small business owner may use an account book to track sales, expenses, payroll, inventory, and other financial transactions related to their business operations.

    Accountant

    An accountant may use an account book as part of their daily work to record financial transactions, prepare financial statements, track budgets, and analyze financial data for clients.

    Freelancer

    Freelancers often use account books to track income from various clients, record expenses related to their freelance work, and manage invoices and payments for their services.

    Consolidated Statistics about account book

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