The
Definition Of

Account

An account is an accounting record of increases and decreases in a specific asset, liability, or owner’s equity item. In its simplest form, an account consists of three parts. (1) A title, (2) a left or debit side, and (3) a right or credit side.


Account means STOCK EXCHANGE the period during which shares are traded for credit, and at the end of which the shares bought must be paid for. On the London Stock Exchange, the account period is three business days from the day of trade. (NOTE: On the London Stock Exchange, there are twenty-four accounts during the year, each running usually for ten working days.)

Account refers the collection of information known about a user, including an account name, an associated password, and a set of access permissions for network resources.


Account refers to 1. A record (usually one of a number of similar records in a book called a “ledger,” or in some comparable system) of transactions relating to a person, an item of property or other asset, a liability, another unpaid obligation, capital, available fund balances, or to elements of revenues, or funds made available, and obligations, cost or expenditures, for a given fiscal period. May also include a summary record of such transactions.

2. A title of such an amount (or a designated group of accounts) for use in budgets and reports.

3. An appropriated fund or other fund, or the title thereof.

4. A summarized presentation of transactions in a financial statement in ledger account form.

5. The rendering of an accounting.

6. A classificationof stock balances according to the purpose for which the stocks are held or according to the ownership of stocks.


Account means record of all transactions affecting a particular financial statement element. Separate accounts are maintained for each asset, liability, equity, revenue, and expense.

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