history, account, chronicle, story (noun)

a record or narrative description of past events

"a history of France"; "he gave an inaccurate account of the plot to kill the president"; "the story of exposure to lead"

report, news report, story, account, write up (noun)

a short account of the news

"the report of his speech"; "the story was on the 11 o'clock news"; "the account of his speech that was given on the evening news made the governor furious"

account, business relationship (noun)

a formal contractual relationship established to provide for regular banking or brokerage or business services

"he asked to see the executive who handled his account"

explanation, account (noun)

a statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.

"the explanation was very simple"; "I expected a brief account"

score, account (noun)

grounds

"don't do it on my account"; "the paper was rejected on account of its length"; "he tried to blame the victim but his success on that score was doubtful"

account (noun)

importance or value

"a person of considerable account"; "he predicted that although it is of small account now it will rapidly increase in importance"

account, accounting, account statement (noun)

a statement of recent transactions and the resulting balance

"they send me an accounting every month"

report, account (noun)

the act of informing by verbal report

"he heard reports that they were causing trouble"; "by all accounts they were a happy couple"

bill, account, invoice (noun)

an itemized statement of money owed for goods shipped or services rendered

"he paid his bill and left"; "send me an account of what I owe"

account (verb)

the quality of taking advantage

"she turned her writing skills to good account"

account (verb)

be the sole or primary factor in the existence, acquisition, supply, or disposal of something

"Passing grades account for half of the grades given in this exam"

account, calculate (verb)

keep an account of

report, describe, account (verb)

to give an account or representation of in words

"Discreet Italian police described it in a manner typically continental"

account, answer for (verb)

furnish a justifying analysis or explanation

"I can't account for the missing money"

Account

Accounting is a systematic way to record transactions. An account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger. Examples of common financial accounts are cash, accounts receivable, mortgages, loans, PP&E, common stock, sales, services, wages, and payroll. A chart of accounts provides a listing of all financial accounts used by particular business, organization, or government agency. The system of recording, verifying, and reporting such information is called accounting. Practitioners of accounting are called accountants.