The accounting equation is a fundamental concept in financial accounting.

I opened a checking account at the bank.

The accounts payable department is responsible for managing all outstanding invoices.

I opened a deposit account at the bank.

I need to transfer some money from my current account to my savings account.

The cost accountant is responsible for calculating and analyzing the production costs.

I opened a credit account at the store.

I would like to open a charge account at this store.

I hired a chartered accountant to handle my taxes.

Money of account is a term used to refer to a unit of currency that is used only for accounting purposes.