book account


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book account

n. an account of a customer kept in a business ledger of debits and credits (charges and payments), which shows the amount due at any given time. This can provide a clear basis for suing for a debt. (See: account stated)

References in periodicals archive ?
For the tax software to generate the correct form, all book accounts and tax adjustments would need to be remapped into the software.
Debt litigation changed from a world in which most of the debts sued upon were contracted on book accounts to one in which most arose from formal written credit instruments, primarily promissory notes, and from a world in which most debtors contested their creditors' claims when sued to one in which they did not.
On his personal Face book account, he pointed out the reports made by a German magazine quoting Maliki saying that his plane was the target of a rocket.
While Moody's expects a gradual stabilisation of the bank's domestic loan book, the rating agency expects future asset quality pressures to continue to stem from from the bank's Turkish subsidiary, Abank, whose loan book accounts for 17 per cent of group loans and has thus far generated 20 per cent of the group's NPLs.
10 dated September 21, 2015, the DOF and the BIR explained that taxpayers have to use only non-thermal papers to preserve their book accounts and other accounting records for a period of 10-years.
And now a book has been compiled which charts the school's development via a series of Log Book accounts that were uncovered by former school parent Eirionedd Baskerville.