On Account: Definition, Journal Entry Explanation, and Examples
WebApr 24, 2024 · Corporate Finance. Accounting. On Account: Definition, Journal Entry Explanation, and Examples. By Alicia Tuovila. Updated April 24, 2024. Reviewed by. Amy Drury. Investopedia / Eliana Rodgers....
ON ACCOUNT OF SOMETHING - Cambridge English Dictionary
Webon account of something. phrase formal. Add to word list. Add to word list. B2. because of something: He doesn't drink alcohol on account of his poor health. Organizers were …
On account Definition & Meaning - Merriam-Webster
Web1. a. : a record of debit (see debit entry 2 sense 1a) and credit (see credit entry 1 sense 2d) entries to cover transactions involving a particular item or a particular person or concern. b. : a statement of transactions during a fiscal period and the resulting balance. c. archaic : reckoning, computation. 2.
ON ACCOUNT definition in American English - Collins Online …
Web4 days ago · phrase. If you buy or pay for something on account, you pay nothing or only part of the cost at first, and pay the rest later. He was ordered to pay the company $500,000 on account pending a final assessment of his liability. See full dictionary entry for account. Collins COBUILD Advanced Learner’s Dictionary.
ON ACCOUNT OF definition and meaning | Collins English …
Web1 day ago · on account of. phrase. You use on account of to introduce the reason or explanation for something. The President declined to deliver the speech himself, on …
On Account: Definition, Journal Entry Explanation, And Examples
WebJan 2, 2024 · On Account refers to an arrangement where a transaction is recorded without immediate payment. It involves recording a credit to accounts receivable and a debit to sales or services rendered. Understanding On Account.
On Account Definition & Example | InvestingAnswers
WebOct 29, 2020 · On account is a term that describes situations in which a customer makes a partial payment for goods or services purchased. How Does On Account Work? In the business world, buying things on account is the same as creating accounts payable. For example, let's assume that Company XYZ orders $1 million in widget parts …
ON ACCOUNT OF Definition & Meaning | Dictionary.com
WebApr 18, 2024 · ON ACCOUNT OF Definition & Meaning | Dictionary.com. View synonyms for on account of. on account of. Discover More. Idioms and Phrases. Owing to, because of …
On account - definition and meaning - Market Business News
WebOn account can mean the partial payment of an amount somebody owes. When talking about purchasing a product, the term means buying it on credit. In other words, if I buy something ‘on account,’ it means I purchase it now and pay at a later date.
On account of - Idioms by The Free Dictionary
Web, on somebody’s account. because of somebody/something: Flights were delayed on account of the bad weather. ♢ I can’t go, but don’t stay in on my account. See also: account, of, on, somebody, something. Farlex Partner Idioms Dictionary © Farlex 2017. on account of. Because of; for the sake of: "We got married on account of the baby" (Anne …
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