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ACCOUNT

Statistics Directorate    
Definition:
An account is a tool which records, for a given aspect of economic life, (a) the uses and resources or (b) the changes in assets and the changes in liabilities and/or (c) the stock of assets and liabilities existing at a certain time; the transactions accounts include a balancing item which is used to equate the two sides of the accounts (e.g. resources and uses) and which is a meaningful measure of economic performance in itself.

Source Publication:
System of National Accounts (SNA), 1993, 2.85 and 2.87.

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Wednesday, April 24, 2013