n. a free account of a person kept in a small business ledger of debits and credits (costs and repayments), which ultimately shows the total amount because of at any time. This will supply a clear foundation for suing for a debt.
detail by detail statement, kept in writing in a novel, in the nature of debits and credits between persons, arising out of contract or some fiduciary connection; a free account or record of debit and credit held in a book. Taylor v. Horst, 52 Minn. 300, 54 N. W. 734; Stieglitz v. Mercantile Co., 76 Mo. App. 2S0; Kennedy v. Ankrim. Tapp. (Ohio) 40.