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Middle english (in the sense ‘counting’, ‘to count’) An account with sth she applied for the card soon after opening an account with the bank. From old french acont (noun), aconter (verb), based on conter ‘to count’.

Financial Accounting

An account is a record of a specific asset, liability, equity, revenue, or expense in an accounting system Deposit/pay money into an account anna could deposit her savings into an account offering more interest In accounting, an account is a record in the general ledger that is used to sort and store transactions

For example, companies will have a cash account in which to record every transaction that increases or decreases the company’s cash.

A formal business arrangement providing for regular dealings or services (such as banking, advertising, or store credit) and involving the establishment and maintenance of an account In banking, an account refers to an arrangement by which a financial institution accepts a customer's financial assets and holds them on behalf of the customer at his or her discretion. If a sale is on account, this means that the buyer will pay the seller at a later date, based on the credit terms associated with the transaction (such as net 10 terms, where the buyer is obligated to pay in 10 days from the invoice date). An account is a record of business transactions in terms of money, with debit and credit sides

Learn the types, columns, and proforma of an account in accounting tutorial. Close/open an account when she starts school we're opening an account in her name and we'll put money into it each year