We all have accounts of some sort. These may be a bank account, investment account, or an account with a vendor or customer. We are all familiar with the term account, but do you actually know the definition? This is straight from the Google research tool:
account;
It is basically where information is stored in order to organize your transactions in your bookkeeping system.
account;
- a report or description of an event or experience.: "a detailed account of what has been achieved".
- a record or statement of financial expenditure or receipts relating to a particular period or purpose.: "the ledger contains all the income and expense accounts" "he submitted a quarterly account".
It is basically where information is stored in order to organize your transactions in your bookkeeping system.
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