Correspondence of Accounts

the interrelatedness of bookkeeping records stemming from the double entry system of economic operations. To ensure uniform reflection of operations in accounts, a standardized correspondence of accounts is established by following the instructions on the use of the appropriate plan for compilation of bookkeeping records. Correspondence of accounts is recorded either in documents or in other bearers of accounting information, as well as in account registers. The preliminary notation of the correspondence of accounts in primary documents is called an entry. The system of references in account registers to the corresponding accounts facilitates the compiling of reports.