Business, Legal & Accounting Glossary
In accountancy, an account is a label used for recording and reporting a quantity of almost anything. Most often it is a record of an amount of money owned or owed by or to a particular person or entity, or allocated to a particular purpose. It may represent amounts of money that have actually changed hands, or it may represent an estimate of the values of assets, or it may be a combination of these.
Account represents financial and non-financial transactions of a firm, to know the total outcome of the investment made by investors.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Account are sourced/syndicated and enhanced from:
This glossary post was last updated: 18th April, 2020 | 19 Views.