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sep account

Comprehensive Analysis

1) "Sep" -- As to sep account sep Function: abbreviation separate; separated Pronunciation Symbols Sep or, as an acronym, SEP, can mean: September - the ninth month of the year in the Gregorian Calendar. The Salmonid Enhancement Program of British Columbia, Canada The Saturday Evening Post SEP IRA - A type of retirement account in the USA. Secretaría de Educación Pública - the government department overseeing public education in Mexico. System Enhancement Package, an upgrade to the M1A2 Abrams main battle tank. Sepa - the Heliopolitan manifestation of Osiris as a centipede. Single Edge Processor Signaling End Point - a term in telecommunications Solar Electric Propulsion - see ion thruster Somebody Else's Problem - a term from The Hitchhiker's Guide to the Galaxy Socialist Equality Party Specialna Enota Policije - a police unit in Slovenia. Standard electrode potential The Stanford Encyclopedia of Philosophy Search engine prominence Sep-Se7en, a nickname of Minneapolis rapper Slug The Summer Enrichment Program for gifted and talented children in Greeley, Colorado ..." 2) "Account" -- As to sep account 1ac·count Pronunciation: &-'kaunt Function: noun Etymology: Middle English acounte, accompte, from Anglo-French acunte, from acunter 1 archaic : RECKONING, COMPUTATION 2 a : a record of debit and credit entries to cover transactions involving a particular item or a particular person or concern b : a statement of transactions during a fiscal period and the resulting balance 3 a : a statement explaining one's conduct b : a statement or exposition of reasons, causes, or motives <no satisfactory account of these phenomena> c : a reason for an action : BASIS <on that account I must refuse> 4 a : a formal business arrangement providing for regular dealings or services (as banking, advertising, or store credit) and involving the establishment and maintenance of an account; also : CLIENT, CUSTOMER b : money deposited in a bank account and subject to withdrawal by the depositor 5 a : VALUE, IMPORTANCE <it's of no account to me> b : ESTEEM <stood high in their account> 6 : ADVANTAGE <turned her wit to good account> 7 a : careful thought : CONSIDERATION <have to take many things into account> b : a usually mental record : TRACK <keep account of all you do> 8 : a description of facts, conditions, or events : REPORT, NARRATIVE <the newspaper accou In accountancy, an account is a label used for recording and reporting a quantity of almost anything. Most often it is a record of an amount of money owned or owed by or to a particular person or entity, or allocated to a particular purpose. It may represent amounts of money that have actually changed hands, or it may represent an estimate of the values of assets, or it may be a combination of these. Asset accounts: represent the different types of economic resources owned by a business, common examples of Asset accounts are cash, cash in bank, building, inventory, prepaid rent, goodwill, account receivable. Liability accounts: represent the different types of economic obligations by a business, such as accounts payable, bank loan, bonds payable, accrued interest. Equity accounts: represent the residual equity of a business (after deducting from Assets all the liabilities) including Retained Earnings and Appropriations. Revenue accounts: represent the company's gross earnings and common examples include Sales, Service revenue and Interest Income. Expense accounts: represent the company's expenditures to enable itself to operate. Common examples are electricity and water, rentals, depreciation, doubtful accounts, interest, insurance. Contra-accounts: from the term contra, meaning to deduct, the value of which are opposite the 5 above mentioned types of accounts. For instance, a contra-asset account is Accumulated depreciation. This label represent deductions to a relatively permanent asset like Building. ..." 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