Definition of rub. 1  1a : an unevenness of surface (as of the ground in lawn bowling)b : obstruction, difficulty the rub is that so few of the scholars have any sense of this truth themselves â Benjamin Farringtonc : something grating to the feelings (such as a gibe or harsh criticism)d : something that mars serenity.
Accounting Records definition - Accounting records are key sources of information and evidence used to prepare, verify and/or audit the financial statements. They also include documentation to prove asset ownership for creation of liabilities and proof of monetary and non monetary transactions. Accounting records can take on many forms and include (among other camps): Ledgers; Journals
Definition. An accepted form of accounting that records all revenues and expenditures at the time when payments are actually received or sent. This straightforward method of accounting is appropriate for small or newer businesses that conduct business on a cash basis or that don't carry inventories. See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.