ACCOUNT Definition

Bookmark and Share

ACCOUNT is the detailed record of a particular asset, liability, owners equity, revenue or expense.

Learn new Accounting Terms

WHEN-ISSUED, in securities, is a transaction made conditionally because a security, although authorized, has not yet been issued, e.g, new issues of stocks or bonds, stocks that have been split and Treasury securities are all traded on a when-issued basis.

JOURNAL, in accounting transactions, is where transactions are recorded as they occur.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.