account

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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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

account

An established relationship between a user and another entity such as a computer, website or financial organization. See user account, guest account and account number.
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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, a reseller using a hybrid method under which it properly accounted for purchases and sales of inventory under Sec.
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.
Gains and losses on derivative instruments are either offset against corresponding gains or losses of the hedged item through earnings in a fair value hedge, or accounted for in other comprehensive income for a cash flow hedge.
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.
For an investment accounted for using the equity method, inquire of management as to whether the entity has the ability to exercise significant influence over the operating and financial policies of the investee and evaluate the attendant circumstances that serve as a basis for management's conclusions.
Compound instruments--Should the fundamental components of some compound instruments be accounted for and displayed separately in the balance sheet?
2 that the credit should be accounted for in a way that would dilute the credit's intended effect.
In the FASB's view, changes in the law and in the plan should be accounted for as a gain or loss, or as a plan amendment, when they occur.
Deals of this size frequently are accounted for as poolings and often are contingent on the acquirer receiving pooling accounting treatment.
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.

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