The difference between Account and Explanation

When used as nouns, account means a registry of pecuniary transactions, whereas explanation means the act or process of explaining.

Account is also verb with the meaning: to present an account of.

check bellow for the other definitions of Account and Explanation

Account as a noun (accounting):

A registry of pecuniary transactions; a written or printed statement of business dealings or debts and credits, and also of other things subjected to a reckoning or review.
Account as a noun (banking):

A sum of money deposited at a bank and subject to withdrawal.

Examples:

"to keep one's account at the bank."
Account as a noun:

A statement in general of reasons, causes, grounds, etc., explanatory of some event; a reason of an action to be done.

Examples:

"No satisfactory account has been given of these phenomena."
Account as a noun:

A reason, grounds, consideration, motive.

Examples:

"on no account"

"on every account"

"on all accounts"
Account as a noun (business):

A business relationship involving the exchange of money and credit.
Account as a noun:

A record of events; recital of transactions; a relation or narrative; a report; a description.

Examples:

"An account of a battle."
Account as a noun:

An estimate or estimation; valuation; judgment.
Account as a noun:

Importance; worth; value; esteem; judgement.
Account as a noun:

An authorization to use a service.

Examples:

"I've opened an account with Wikipedia so that I can contribute and partake in the project."
Account as a noun (archaic):

A reckoning; computation; calculation; enumeration; a record of some reckoning.
Account as a noun:

Profit; advantage.

Account as a verb (obsolete, transitive):

To provide explanation. To present an account of; to answer for, to justify. To give an account of financial transactions, money received etc. To estimate, consider (something to be as described). To consider . To give a satisfactory evaluation financial transactions, money received etc. To give a satisfactory evaluation (one's actions, behaviour etc.); to answer . To give a satisfactory reason ; to explain. To establish the location someone. To cause the death, capture, or destruction of someone or something (+ ).

Examples:

"An officer must account with or to the treasurer for money received."

"We must account for the use of our opportunities."

"Idleness accounts for poverty."

"After the crash, not all passengers were accounted for."
Account as a verb (transitive, now, _, rare):

To count. To calculate, work out (especially with periods of time). To count (up), enumerate. To recount, relate (a narrative etc.).

Explanation as a noun:

The act or process of explaining.

Examples:

"The explanation was long and drawn-out."
Explanation as a noun:

Something that explains, makes understandable.

Examples:

"An explanation for the UFO sightings was easily found."
Explanation as a noun:

A resolution of disputed points pursuant to discussion; a mutual clarification of disputed points; reconciliation.