Account
From ACT Wiki
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
- Account analysis
- Account positioning
- Accountability
- Accounting
- Accounts
- Audit
- Bank account
- Basic bank account
- Bookkeeping
- Capital account
- Collection account
- Concentration account
- Current account
- Deposit account
- Electronic bank account management
- Escrow account
- Idle balance
- Multibank reporting
- Nominal Ledger
- Nostro account
- Open account
- Profit and Loss account
- Reserves account
- Security
- Settlement account
- Share premium account
- Signature cards
- Sweep account
- Transaction balance
- Trust account
- Virtual account
- Vostro account
- Zero balance account
