Account means a single entry in double entry system such as i purchase some thing for business i recorded for example Land debit and money credit these debit and credit are called accounts in...
It means to take something into consideration. For example, I could say that I will have $10,000 in my savings account after my yearly bonus check has been "accounted for."
A savings and especially a checking bank account have constant deposits and withdrawals, including debits and checks against the account. To reconcile an account is to start from the last monthly...