Written By: Field, In physics, a region in which each point is affected by a force. Objects fall to the ground because they are affected by the force of earthâs gravitational field (see gravitation). A paper clip, placed in the magnetic field surrounding a magnet, is pulled toward the magnet, and two like magnetic poles repel each other when one is placed in the otherâs magnetic field.
logrolling. noun. 1  The exchanging of political favors, especially the trading of influence or votes among legislators to achieve passage of projects that are of interest to one another. 2  The exchanging of favors or praise, as among artists, critics, or academics. 3  See birling.
The terms âaccountingâ and âpayrollâ are often interchanged in a business. âAccountingâ is a term used to describe the part of the business that handles all financial transactions and cash flows of the business. âPayrollâ is the action of preparing the employees' paychecks, which is a single task of the entire accounting department. Accounting and payroll have two separate functions and objectives in a business, which must be defined to have a functional accounting department. Accounting Function The function of the accounting department is to track and maintain the money coming in and out of a business.