E. Cobham Brewer 18101897. Dictionary of Phrase and Fable. 1898.
To open an account, to euter a customers name on your ledger for the first time. (Latin, accomputre, to reckon with.)
To keep open account is when merchants agree to honour each others bills of exchange.
A current account or account current, a/c. A commercial term, meaning that the customer is entered by name in the creditors ledger for goods purchased but not paid for at the time. The account runs on for a month or more, according to agreement.
To cast accounts. To give the results of the debits and credits entered, balancing the two, and carrying over the surplus.
A sale for the account in the Stock Exchange means: the sale of stock not for immediate payment, but for the fortnightly settlement. Generally this is speculative, and the broker or customer pays the difference of price between the time of purchase and time of settlement.
We will give a good account of themi.e. we will give them a thorough good drubbing.