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Unit of account |
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Unit of accountA basic function of money, providing a unit of measurement for defining, recording, and comparing value. I.e., one dollar signifies not only a one dollar bill, but also a dollar's worth of money in other forms (deposits), of wealth in other forms than money, and of any good or service with a market value.Similar MatchesFinancial Accounting Standards Board (FASB)Financial Accounting Standards Board (FASB)Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). Sweep accountSweep accountAccount providing that a bank invest all the excess available funds at the close of each business day for the firm. Statement of accountStatement of accountA document, issued by a supplier to its customer, listing transactions over a given period, normally monthly. It will include details of invoices, payments received and any credits approved with a resultant balance payable by the customer. Capital account deficitCapital account deficitDebits minus credits on capital account. See deficit. Capital account balanceCapital account balanceBalance on capital account Further Suggestionsbooks of accountAverage accounting return Negotiable Order of Withdrawal Account (NOW) Capital account surplus individual retirement account savings account Account reconciliation loan account Replacement cost accounting Current account deficit lifelong individual savings account Growth accounting Managed account Special arbitrage account Accounts receivable financing Current account nominee account account sale Insured account Financial account Accounts payable Omnibus account Frozen account Balance on current account Special bond account |
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