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
What is Accounting? Accounting is the process of recording and summarizing financial information in a useful way. You may have already noticed the use of some form of accounting in your daily life. My mom for example is the chief accountant and treasurer of our house. She keeps a simple diary to record major home expenses such as grocery, utilities, fees and so on.