current account vs. capital account
noun
-
Also called open account. an account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods.
-
(in certain foreign countries) a checking account.
noun
-
a business account stating the owner's or shareholder's interest in the assets.
-
Accounting. capital accounts, accounts showing the net worth in a business enterprise.
