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 ?
To understand how utilities account for nuclear decommissioning costs, we examined the annual reports and form 10-Ks of the 53 investor-owned utilities with nuclear facilities.
However, now that the FASB is "cleaning up" APB 25, companies may have to change the way they account for their stock option plans.
94-1 provides guidance on how to account for investments in limited partnerships that operate qualified affordable housing projects.
Notwithstanding the lack of formal guidance, accounting practices have evolved allowing companies to account for the cash flows on the swap as if they were interest payments on debt.
Number of Institutions and Accounts Commercial banks account for nearly half of the 2.
AMEX:ICH) and an award-winning financial services firm for individual investors, to develop Investors Capital's Ultra Advantage Account, the firm's fee-based brokerage account for individual investors.
When prescribed statutory accounting practices do not cover the accounting for a transaction, insurance enterprises sometimes use generally accepted accounting principles to account for the transaction.
The exposure draft further proposed that companies use the retrospective method to account for the effects of changes in prepayment estimates or actual prepayment experience.