account

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account,

n a basic storage unit in an accounting system. Individual accounts accept debit and credit entries that reflect the different types of transactions made by the practice.
account book,
n a book in which the financial transactions of a business or profession are entered. Such books may be admitted as evidence.
account, open,
n a straightforward arrangement between the dental provider and the patient for the handling of financial payments due the dental provider and owed by the patient.
account, payable,
n a dollar amount owed to creditors for items or services purchased from them.
References in periodicals archive ?
The second most frequently used accounting method (employed by approximately 26% of the utilities) was to account for decommissioning costs exclusively as a liability accrued over the life of the nuclear plant.
How would an entity that invests in a qualified affordable housing project through a limited partnership account for its investment?
Commercial banks account for a little more than half of household accounts, and savings institutions and credit unions account for another third.
The third issues addresses how to account for changes in coverage based on past experience under the contract.
The issue is how an enterprise should account for the payments that are required by the act.
s Cue Cards guide users through more than 100 advanced tasks, such as how to account for a vendor who is also a customer.
Accordingly, under the proposed SOP employers would charge dividends on allocated ESOP shares to retained earnings and credit dividends payable just as they account for dividends on other outstanding shares.
The change in investment value lets customers know instantly how much money they have made in their account for the period.
The proposed SOP provides guidance on how to account for the results of operating foreclosed assets held for sale.