Statement of account

A summary of the status of accumulated transactions between a *creditor and a *debtor. Many trading organizations issue periodic statements of account to their customers, and banks normally summarize their customer’s transactions in the form of a *bank statement.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • statement of account — ˌstatement of acˈcount noun statements of account PLURALFORM [countable] ACCOUNTING a document sent regularly to a buyer who has an account with a particular seller, showing the dates of invoice S sent to the buyer, the dates and amounts of… …   Financial and business terms

  • statement of account — index budget, invoice (bill) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • statement of account — A postal form (Form 1555) used for financial reporting by accounting period or postal quarter …   Glossary of postal terms

  • statement savings account — a savings account in which transactions are confirmed periodically by a bank statement. Cf. passbook savings account. * * * …   Universalium

  • statement savings account — a savings account in which transactions are confirmed periodically by a bank statement. Cf. passbook savings account …   Useful english dictionary

  • statement savings account — A savings account which does not provide the depositor with a passbook. Instead, the depositor receives a monthly or quarterly statement from the bank. American Banker Glossary …   Financial and business terms

  • statement of account — printout of activity and balance fluctuations in a bank account (or other account) …   English contemporary dictionary

  • statement of account — Fin a list of sums due, usually relating to unpaid invoices, items paid on account but not offset against particular invoices, credit notes, debit notes, and discounts …   The ultimate business dictionary

  • statement of account — A document recording the transactions of an organization with its customer for a specified period and normally showing the indebtedness of one to the other. Many firms issue statements to their customers every month to draw attention to any… …   Big dictionary of business and management

  • statement — [n1] declaration, assertion ABCs*, account, acknowledgment, affidavit, affirmation, allegation, announcement, articulation, aside, asseveration, assurance, averment, avowal, blow by blow*, charge, comment, communication, communiqué, description,… …   New thesaurus

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.