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From: Webster's Revised Unabridged Dictionary (1913)

 Ac·count, v. i.
 1. To render or receive an account or relation of particulars; as, an officer must account with or to the treasurer for money received.
 2. To render an account; to answer in judgment; -- with for; as, we must account for the use of our opportunities.
 3. To give a satisfactory reason; to tell the cause of; to explain; -- with for; as, idleness accounts for poverty.
 To account of, to esteem; to prize; to value. Now used only in the passive. “I account of her beauty.”  --Shak.
    Newer was preaching more accounted of than in the sixteenth century.   --Canon Robinson.