BOOKKEEPING Definition

Bookmark and Share

BOOKKEEPING is the recording of business transactions.

Learn new Accounting Terms

HEAD OF HOUSEHOLD is a U.S. income tax filing status that can be used by an unmarried person who maintains a home for a dependent (or nondependent relative) during the tax year.

WRITE-OFF is to decrease the value of an item, e.g., a tax write-off decreases tax liability, a vehicle involved in an accident can be declared a write-off if the cost to repair is in excess of the value of the vehicle.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.