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
Keeping records. Records are your accounting and other financial information documents kept in an organized way. By law, you have to keep records when any of these apply: 1  you are carrying on a business in Canada.2  you are engaged in a commercial activity in Canada.3  you are responsible for collecting tax or other amounts.4  you have to file an income tax return.5  you have to file a Goods and Services Tax/Harmonized Sales Tax (GST/HST) return.y law, you have to keep records when any of these apply: 1  you are carrying on a business in Canada. 2  you are engaged in a commercial activity in Canada. 3  you are responsible for collecting tax or other amounts. 4  you have to file an income tax return. 5  you have to file a Goods and Services Tax/Harmonized Sales Tax (GST/HST) return.