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
Accounting methods refer to the basic rules and guidelines under which businesses keep their financial records and prepare their financial reports. There are two main accounting methods used for record-keeping: the cash basis and the accrual basis.