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

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.
References in periodicals archive ?
At Congressional hearings investigating the rise and fall of these public corporations, government investigative bodies (i.e., the Joint Committee on Taxation) and others (including this column's authors) pointed out that the rules on accounting for income taxes left room for managers to manage earnings through the tax provision without detailed disclosure.
One of the most hotly debated controversies involves the methods to be used in accounting for insurance contracts.
Additionally, there have been several cases in which the taxpayers have attempted to argue, to no avail, that their use of push-down accounting for periods prior to January 1, 1994 was incorrectly disallowed.
Accounting for the public debt and the related interest cost is the responsibility of Treasury's Bureau of the Public Debt.
The issue of accounting for intangibles first compelled broad attention during the dot-com mania, when market valuations far outstripped the levels suggested by traditional value metrics.
It also presents an opportune time to review the types of accounting practices that constitute a method of accounting for tax purposes, the general procedures by which a taxpayer may initiate a change in accounting method, certain benefits or consequences of initiating or not initiating a change, and a brief discussion of the new voluntary-method-change guidance.
Section 5.02 of the proposed procedure states that an "examining agent proposing an adjustment with respect to a timing issue will treat the issue as a change in method of accounting." Section 3.01 defines a "timing issue" as "any issue regarding the propriety of a taxpayer's method of accounting for an item." The two sections seemingly create circular, interdependent definitions.
Among the nondepository institutions, finance companies are the most commonly used, accounting for about one in ten of all financial institutions used.
* The Interstate Commerce Commission (created in 1887) seeks to set up a uniform system of accounting for the railroads.
(According to the Tax Court, regulatory rules required Florida Power to adhere to regulatory accounting for financial-reporting purposes.)
For instance, in German GAAP, the required accounting for large-scale long-term projects is on a completed contract basis; for U.S.

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