Accounts definition: Financial records or statements that summarize transactions, assets, liabilities, and equity for an individual or organization.
Definitions of Accounts
- 1noun
Financial records or statements that summarize transactions, assets, liabilities, and equity for an individual or organization.
- 2verb
To provide a satisfactory explanation or reason for something, or to constitute a certain amount or proportion of something.
Example Sentences
“The company's accounts showed a significant profit this quarter.”
“His illness accounts for his absence from work.”
“She manages all the accounts for the small business.”
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Phrases & Idiomatic Expressions
To explain or be the reason for something, or to form a particular part of something.
To maintain financial records.
To pay money owed, or to get revenge on someone.
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