account 1 of 2 noun ac· count ə-ˈkau̇nt 1 a : a record of debit (see debit entry 2 sense 1a) and credit (see credit entry 1 sense 2d) entries to cover transactions involving a particular item or a particular person or concern b : a statement of transactions during a fiscal period and the resulting balance c archaic : reckoning, computation 2 a

account ( əˈkaʊnt) n 1. a verbal or written report, description, or narration of some occurrence, event, etc 2. an explanation of conduct, esp one made to someone in authority 3. ground; basis; consideration (often in the phrases on this ( that, every, no, etc) account, on account of) 4. importance, consequence, or value: of little account.

Definition: An account is a record in an accounting system that tracks the financial activities of a specific asset, liability, equity, revenue, or expense. These records increase and decrease as the business events occur throughout the accounting period.

What is an Account. In Accounting, an account is a record of all relevant business transactions in terms of money. Account consists all the statements by data wise regarding the business transactions as person, companies, representatives, asset & liabilities, income & expenditures, profit & loss . For e.g. cash account, bank account, etc.

account noun (REPORT) B2 [ C ] a written or spoken description of an event: She gave a thrilling account of her life in the jungle. He kept a detailed account of the suspect's movements. …

09/07/2021 · ‘Accounts’ is a term used in ethnomethodology as a subset of the term’ explanation.’ It is considered a method to negate the problems caused by untoward attitudes and behavior. It is the detailing and justification individual actors provide for their societal actions. A social action’s accurate meaning and intentions can be decoded using accounts.

2 ngày trước · 6. profit or advantage. to turn an idea to account. 7. part or behalf (only in the phrase on one's or someone's account ) 8. finance. a. a business relationship between a bank, department store, stockbroker, etc, and a depositor, customer, or client permitting the latter certain banking or credit services. b.

04/07/2022 · Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight...

Accounting is a systematic process of identifying recording measuring classify verifying some rising interpreter and communicating financial information. It reveals profit or loss for a given period and the value and the nature of a firm’s assets and liabilities and owners’ equity.

Accounts categorize monetary values stored in ledgers and classify the nature of a transaction. Typically you can load subsidiary ledger accounts by using the extract, transform, and load (ETL) tool within PeopleSoft EPM, but you may need to create the accounts used by your consolidation ledger.