Abiblo Finance - Account
Account carries several meaning. This may include an account maintained in the bank or building society where the money is kept by the depositors.
Account also means a segment of the ledger which recorded the transaction of the person of the said name. Account in the ledger can be divided into two parts known as debit and credit.
Account also known as indebtedness statement from one person to another. For instance, the solicitor who sells the house on behalf of the seller will provide an account.of the sale.
Account is also considered in the world of advertising, marketing or public relation as the client who commission fee derive for the return of service.
Account is also considered as a period during which dealing were made without cash settlement in the London Stock Exchange.it was abandoned in 1996.Settlements were made ten days after the account ended.