An
account (in
bookkeeping) refers to
assets,
liabilities,
income,
expenses, and
equity, as represented by individual
ledger pages, to which changes in value are chronologically recorded with
debit and credit entries. These entries, referred to as postings, become part of a
book of final entry or
ledger. Examples of common financial accounts are
cash,
accounts receivable,
mortgages,
loans,
PP&E,
common stock,
sales,
services,
wages, and
payroll.