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
Collection of an entire group of similar accounts in double-entry bookkeeping. Also called book of final entry, a ledger records classified and summarized financial information from journals (the ' books of first entry') as debits and credits, and shows their current balances. In manual accounting systems, a ledger is usually a loose leaf binder with a separate page for each ledger account. In computerized systems, it consists of interlinked digital files, but follows the same accounting principles as the manual system.