Account

For other uses, see Account (disambiguation)}}}.

In accountancy, an account is a label for recording a quantity of almost anything. Most often it is a record of an amount of money owned or owed by or to a particular person or entity, or allocated to a particular purpose. It may represent amounts of money that have actually changed hands, or it may represent an estimate of the values of assets, or it may be a combination of these.

A contra account is an account that carries a balance opposite to the normal balance. An example would be Accumulated Depreciation. The term account is also used more generally by analogy and association with accountancy concepts, see account (disambiguation).

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