account

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Related to accounted for: indicated, errand, seek out, passed on

account

1. 
a. a regular client or customer, esp a firm that purchases commodities on credit
b. an area of business assigned to another
2. on account
a. on credit
b. as partial payment
3. settle or square accounts with to pay or receive a balance due

account

An established relationship for some purpose such as identifying a user on a computer or making financial transactions. See user account, guest account and account number.
References in periodicals archive ?
Essentially, IFRS 4 allows insurance contracts to continue to be accounted for under local GAAP methods,"as long as they can be identified as insurance contracts," said Nagari, whose London-based group is developing a "global interpretation" of IFRS, along with PwC's position on the implications of IFRS 4 for insurance contracts.
Further, the taxpayer must attach a statement to the Form 3115, describing all items marked to market that will no longer be accounted for under that method.
This led the Fifth Circuit to allow depreciation and ITC on the nonrecoverable cushion gas, but to require the recoverable cushion gas to be accounted for as inventory.
Accordingly, these leases should be accounted for as capital leases.
Deals of this size frequently are accounted for as poolings and often are contingent on the acquirer receiving pooling accounting treatment.
Compound instruments--Should the fundamental components of some compound instruments be accounted for and displayed separately in the balance sheet?
Utilities most frequently accounted for nuclear decommissioning costs (the method approximately 57% of utilities used) by recording the costs as a part of depreciation expense with a corresponding entry to accumulated depreciation.
In an effort to standardize the accounting for all derivative instruments, the standard requires recognition on the balance sheet at fair value of previously unrecognized derivative instruments, such as interest rate swaps used to hedge historical-cost-based assets and liabilities accounted for using accrual accounting, a step that many non-CPAs find inconsistent and illogical when compared to current practice.

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