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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 commercial book-entry system, initiated in 1967, facilitates the safekeeping and transfer of large volumes of marketable Treasury securities through the substitution of computerized accounts for paper securities.
The historic owners are not being given credit in their capital accounts for the appreciation or depreciation of the LLC's value.
From a financial reporting perspective, the FASB project on accounting for the retirement of long-lived assets will have a significant impact on how the electric utility industry accounts for this often rigorous process.
The only type of nondepository institution that is associated with multiple-account usage is the brokerage company, where the average number of accounts for households using these firms is about 1.