Elon Musk talks Crypto：Account Balance

Account Balance

Account balance refers to the amount in a bank/cryptocurrency account that can be accessed immediately. On the other hand, in accounting, account balance refers to the sum obtained from the difference between all debit and credit transactions posted to a company’s account.

Account Number

An account number is a string of numbers (and sometimes letters) that is used to identify a specific bank account and the account holder.

Accountability

Accountability is the requirement or readiness to assume responsibility for one's actions.

Accounting Conservatism

Accounting conservatism is a principle that necessitates the recognition of future expenses and liabilities immediately in a volatile situation rather than future assets and revenues.

Accounting Method

An accounting method is a system of rules applied to determine how and when revenue and expenses are recorded in an organization.

Accounting Token

Accounting tokens are essentially tokenized credit or debit entries (IOU/UOM), just like any spreadsheet-based accounting system.