ACCOUNT RENDERED, an expression used in referring to an account a statement of which has already been delivered to the customer. In business it is customary, for the purpose of verification, to send to each customer whose account is not in balance a statement showing the debits (charges) and credits for the current period (usually one month). If this balance is not liquidated before the end of the following period, the next statement of account has as its first entry "Account rendered" or "To account rendered" and the unpaid balance is shown. Thus an economy of time results because it becomes unnecessary to in clude all items arising since the account was last in balance.
(G. L. C.) ACCOUNT SALES, a financial statement rendered by a merchant who has received goods on consignment showing sales, charges (usually commission and guaranty), and a net amount either credited to consignor's account or remitted by cheque. This form of financial statement is used extensively by commis sion merchants and factors and serves the consignor or principal as a basis for accounting.
(G. L. C.)