statement of account

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 unpaid invoices.

Big dictionary of business and management. 2014.

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  • 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 — 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 …   Auditor's dictionary

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

  • 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

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

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