accounts

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accounts

A record of the past financial position of an organization. Companies prepare a number of different accounts, usually including a balance sheet, a trading account, a profit and loss account, and an appropriation account. These are drawn up by accountants.

Accounts are used to help an organization understand how well it has been performing. Management accounting also uses financial information as a base to make current and future decisions, drawing up budgets and forecasts. Private and public limited companies must by law submit audited accounts annually to the Registrar of Companies.

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Well, as figures are rather important things to most of us, and you may have a good many accounts to keep some day, wouldn't it be wise to begin at once and learn to manage your pennies before the pounds come to perplex you?

Eight Cousins by Alcott, Louisa May View in context

An' you know how you're stuck on keepin' your accounts down to the penny," he teased.

The Valley of the Moon by London, Jack View in context

The accounts having been examined, and found to be scrupulously correct, he declined accepting the balance of salary that was offered to him.

My Lady's Money by Collins, Wilkie View in context

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