Bookkeeping Basics

4 words in this vocabulary list

noun a book in which the records of transactions involving cash are kept

  • The accountant diligently recorded all financial transactions in the cashbook.
  • Hey, can you update the cashbook with today's sales?
  • I totally forgot to fill in the cashbook, oops!
  • Keeping a mental cashbook of all the favors people owe you can be exhausting.

noun a word that refers to a person, place, thing, event, substance, or quality

verb a word that expresses an action, occurrence, or state of being

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

  • It is important for businesses to keep books accurately to ensure financial transparency.
  • Make sure you keep books for all your expenses if you want to track your spending.
  • I always keep my books in check to make sure I'm not overspending.
  • In order to stay organized, it's crucial to keep books on all aspects of your life.

noun a book or other collection of financial accounts of a particular type

  • The accountant meticulously recorded all financial transactions in the ledger.
  • Hey, can you jot down that expense in the ledger for me?
  • I'll just scribble it in the ledger real quick.
  • Her mind was a ledger of memories, each one carefully cataloged and stored.

noun a book in which financial transactions are recorded

  • The accountant meticulously recorded all transactions in the account book.
  • I need to update my account book with all the recent expenses.
  • I can't find my account book anywhere, it's driving me crazy!
  • Her memory was like an accurate account book, never forgetting a detail.