Account: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Add definition. Source: Linked pages)
imported>Doug Williamson
(Add links.)
Line 31: Line 31:
* [[Capital account]]
* [[Capital account]]
* [[Collection account]]
* [[Collection account]]
* [[Concentration account]]
* [[Concentration account]] = central account = master account
* [[Current account]]
* [[Current account]]
* [[Demand deposit account]]
* [[Deposit account]]
* [[Deposit account]]
* [[Electronic bank account management]]
* [[Electronic bank account management]]
* [[Escrow account]]
* [[Escrow account]]
* [[Idle balance]]
* [[Idle balance]]
* [[International bank account number]]  (IBAN)
* [[Multibank reporting]]
* [[Multibank reporting]]
* [[Multicurrency account]]
* [[Nominal Ledger]]
* [[Nominal Ledger]]
* [[Nostro account]]
* [[Nostro account]]
* [[Open account]]
* [[Open account]]
* [[Period of account]]
* [[Profit and Loss account]]
* [[Profit and Loss account]]
* [[Reserves account]]
* [[Reserves account]]
Line 47: Line 51:
* [[Share premium account]]
* [[Share premium account]]
* [[Signature cards]]
* [[Signature cards]]
* [[Single legal account pooling]]
* [[Sweep account]]
* [[Sweep account]]
* [[Transaction balance]]
* [[Transaction balance]]

Revision as of 14:19, 6 July 2022

1. Banking - noun.

A balance held with a financial institution to facilitate transactions, such as a bank account or securities account.


2. Bookkeeping - accounting - noun.

A division of a ledger for entries recording related transactions.


3. Verb - record keeping and reporting.

To maintain financial and other records and to produce appropriate summary reports.


4. Verb - accountability.

To explain an organisation's actions and omissions, in a formal capacity as a responsible officer or body, accepting accountability.


See also