2) What is an Account?
3)
State the meaning of Single Entry System,
1 What is Personal Account?
05) State the rule of Nominal Account,
Give two examples of intangible assets?
7) State the meaning of Real Account,
6) Give two examples of income and gains,
9) State the rule of Personal Account,
10) How many methods of recording accounting information are there?
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In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger.
Explanation:
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