book account definition

  • noun:
    • Another term for current account.
    • a free account or register of financial obligation or credit in a book.
    • a merchant account. or sign-up of debt or credit in a book.
    • Specifically, in bookkeeping by double-entry, a free account showing the transactions of a merchant in regard to some particular product or branch of trade placed directly under a heading such as “stock,” “cotton,” etc., and not known people with whom they might were effected.
    • Another term for current account.
    • a merchant account or register of debt or credit in a novel.
    • a free account. or sign-up of financial obligation or credit in a novel.
    • Specifically, in accounting by double entry, an account showing the transactions of a merchant regarding some particular product or part of trade placed under a heading such as for example “stock,” “cotton,” etc., and not labeled one with whom they may have already been effected.
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