Define: Unit Of Account

UK Accounting Glossary

Definition: Unit Of Account

Quick Summary of Unit Of Account

What is the dictionary definition of Unit Of Account?

Dictionary Definition

  1. A function of money enabling it’s users to calculate the value of their transactions and to keep accounts.
  2. The standard unit of currency of a country.
  3. An artificial currency which is used only for accounting purposes.

Full Definition of Unit Of Account

Unit Of Account FAQ's

Cite Term

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.

Page URL
Modern Language Association (MLA):
Unit Of Account. Payroll & Accounting Heaven Ltd. July 20, 2019
Chicago Manual of Style (CMS):
Unit Of Account. Payroll & Accounting Heaven Ltd. (accessed: July 20, 2019).
American Psychological Association (APA):
Unit Of Account. Retrieved July 20, 2019, from website:

Definition Sources

Definitions for Unit Of Account are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th May 2019.