DAY BOOK Definition

Bookmark and Share

DAY BOOK is a written record/ledger in which transactions have been recorded as they occurred.

Learn new Accounting Terms

OWNERS EQUITY see SHAREHOLDERS EQUITY.

CUT-OFF is designating a point of termination. An auditor uses tests of cutoff to obtain evidence that transactions for each year are included in the financial statements of the appropriate year.

Suggest a Term

Enter Search Term

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