To figure the price per-square-foot, take the sales price and divide it by the square footage. Say you are looking at a 1,500-square-foot home that is listed for $150,000. The price per-square-foot is $100.Maybe the home next door is 2,000 square feet, and it is listed at $185,000.f you can compare the average price-per-square-foot for the past 12 months, you can determine whether values are rising or falling. But much of that depends on the average size of home. As long as all homes are similar in square footage, the average price per-square-foot will show you a trend.
Definitions (2) 1. A record of financial transactions for an asset or individual, such as at a bank, brokerage, credit card company, or retail store. 2. More generally, an arrangement between a buyer and a seller in which payments are to be made in the future. Use account in a sentence.
Liability Account. A liability account is a type of accounting statement that itemizes how much the business owes to its creditors, or its debts. The amount owed is for a service or good the business has already received but has not yet paid for.An example of a liability is a debt owed to a vendor.ccounting gives a business a way to keep track of its liabilities and expenses. A liability refers to a financial obligation, or upcoming duty to pay. An expense refers to money spent by the company, or a cost incurred by the company, in an effort to generate revenue for that company.