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A detailed statement of the mutual demands in the nature of debt and credit between parties, arising out of contracts or some fiduciary relation. Whitwell v. Willard, 1 Mete. (Mass.) 216; Blakeley v. Biscoe, 1 Hempst. 114, Fed. Cas. No. 18,239; Portsmouth v. Donaldson, 32 Pa. 202, 72 Am. Dec. 782. A statement in writing, of debts and credits, or of receipts and payments; a list … [Read more...] about ACCOUNT

A book kept by a merchant, trader, mechanic, or other person, In which are entered from time to time the transactions of his trade or business. Such books, when regularly kept, may be admitted in evidence. … [Read more...] about ACCOUNT-BOOK

Latin: In old records. To purge an offense by oath. Blount; Whishaw. … [Read more...] about ACCREDULITARE

In accounting, this refers to the balance or the amount within an account on a certain date or over a certain period of time. For example, the balance in the accounts receivables or accounts payable accounts at the end of one calendar month. … [Read more...] about ACCOUNT BALANCE

The business process of recording financial information which is used for reporting and analysis. Law Dictionary - Alternative Legal Definition The making up and rendition of an account, either voluntarily or by order of a court. Buxton v. Edwards, 134 Mass. 567, 578. May include payment of the amount due. Pyatt v. Pyatt, 46 N. J. Eq. 285, 18 Atl. 1048. … [Read more...] about ACCOUNTING