• German: Rechenschaft

• Romanian: cont

• ttbc Croatian: račun
• ttbc Dutch: rekenschap
• ttbc Hungarian: beszámoló
• ttbc Romanian: seamă , cont (7)

Derived terms

• account current: a running or continued account between two or more parties, or a statement of the particulars of such an account
• in account with: in a relation requiring an account to be kept
• on account of: for the sake of; by reason of; because of
• on one's own account: for one's own interest or behalf
• to make account: (Obsolete): to have an opinion or expectation; to reckon

  Quotations

  • This other part . . . makes account to find no slender arguments for this assertion out of those very scriptures which are commonly urged against it. - Milton

• to make account of: to hold in estimation; to esteem; as, he makes small account of beauty
• to take account of, or to take into account: to take into consideration; to notice
• bank account

  Quotations

  • Of their doings, God takes no account. - Milton

• a writ of account: (Law): a writ which the plaintiff brings demanding that the defendant shall render his just account, or show good cause to the contrary; -- called also an action of account - Cowell

Synonyms

• Narrative; narration; relation; recital; description; explanation; rehearsal

Usage notes

• of Account, Narrative, Narration, Recital. These words are applied to different modes of rehearsing a series of events
• Account turns attention not so much to the speaker as to the fact related, and more properly applies to the report of some single event, or a group of incidents taken as whole; as, an account of a battle, of a shipwreck, etc.
• A narrative is a continuous story of connected incidents, such as one friend might tell to another; as, a narrative of the events of a siege, a narrative of one's life, etc.
• Narration is usually the same as narrative, but is sometimes used to describe the mode of relating events; as, his powers of narration are uncommonly great.
• Recital denotes a series of events drawn out into minute particulars, usually expressing something which peculiarly interests the feelings of the speaker; as, the recital of one's wrongs, disappointments, sufferings, etc.

Etymology 2

From Middle English acounten, accompten, which comes from aconter, à (from ad) + conter "to count". In modern French conter to tell, compter to count, Latin computare. See count.

Verb

1. In the context of "transitive|obsolete": To reckon; to compute; to count.

   The motion of... the sun whereby years are accounted. - Sir T. Browne

2. In the context of "transitive|rare": To place to one's account; to put to the credit of; to assign; -- with to. - Clarendon
3. To value, estimate, or hold in opinion; to judge or consider; to deem.

   • Accounting that God was able to raise him up. - Hebrews, 11:19

4. In the context of "transitive|obsolete": To recount; to relate. - Chaucer
5. To render or receive an account or relation of particulars; as, an officer must account with or to the treasurer for money received.
6. To render an account; to answer in judgement; -- with for; as, we must account for the use of our opportunities.
7. To give a satisfactory reason; to tell the cause of; to explain; -- with for; as, idleness accounts for poverty.
8. to get revenge on (someone).

Derived terms

• to account for
• to account of: to esteem; to prize; to value. Now used only in the passive

  • I account her beauty. - Shakespeare, Two Gentlemen of Verona, II-i
  • Newer was preaching more accounted of than in the sixteenth century. - Canon Robinson

Translations

• Rohingya: hísab

Dutch

Pronunciation

• IPA: /ə'kɑʊnt/

Noun

account ,

1. A loanword from English that means a subscription to an electronic service.

In accountancy, an account is a label used for recording and reporting a quantity of almost anything. Most often it is a record of an amount of money owned or owed by or to a particular person or entity, or allocated to a particular purpose. It may represent amounts of money that have actually changed hands, or it may represent an estimate of the values of assets, or it may be a combination of these.

Types of accounts

1. Asset accounts: represent the different types of economic resources owned by a business, common examples of Asset accounts are cash, cash in bank, building, inventory, prepaid rent, goodwill, accounts receivable.
2. Liability accounts: represent the different types of economic obligations by a business, such as accounts payable, bank loan, bonds payable, accrued interest.
3. Equity accounts: represent the residual equity of a business (after deducting from Assets all the liabilities) including Retained Earnings and Appropriations.
4. Revenue or Income accounts: represent the company's gross earnings and common examples include Sales, Service revenue and Interest Income.
5. Expense accounts: represent the company's expenditures to enable itself to operate. Common examples are electricity and water, rentals, depreciation, doubtful accounts, interest, insurance.
6. Contra-accounts: from the term contra, meaning to deduct, the value of which are opposite the 5 above mentioned types of accounts. For instance, a contra-asset account is Accumulated depreciation. This label represent deductions to a relatively permanent asset like Building.

Account represents financial and non-financial transactions of a firm, to know the total outcome of the investment made by investors.

See also

• Bookkeeping
• Chart of accounts
• Double-entry accounting system

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