Abiblo Finance - Account
Account is a name of a segment of a ledger recording transactions which are relevant to the person or the matter considered. Account comprise of two sides, Increases are recorded in one side and known as debit while decreases on the other sides which indicates credit entries.
Account is also a statement of indebtedness from one person to another as in the form of invoice. A provider of services or goods may render an account to a customer or client.
Account also means the account which is maintained by a building society or bank where the depositor’s money is kept.
In marketing, advertising or public relations agency, account means, a client of the agency whom a commission of fee is derived in return of service.
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