Accounting records - meaning

Accounting records – meaning

Accounting records are the records of initial accounting entries and supporting records, such as:

checks and records of electronic fund transfers;

invoices; 

contracts; 

the general and subsidiary ledgers,

Journal entries and other adjustments to the financial Statements that are not reflected in the formal Journal entries;

and the records such as work sheets and spreadsheets supporting cost allocations, computations, reconciliations and disclosures.

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