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Glossary

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Account

Formal record that represents, in words, money or other unit of measurement, certain resources, claims to such resources, transactions or other events that result in changes to those resources and claims.

See also: Non-Sufficient Funds (NSF) Check, NSF Check, Purchases, Purchases Returns and Allowances, Retained Earnings Account, Securities and Commodities Exchanges, Sell Out, Sinking Fund, Statement of Owner’s Equity, T Account, Transaction, Unearned Discount, Unrealized Loss or Gain on Long-Term Investments, With Recourse, Without Recourse, Write Off
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