account is business of
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Business accounts are used to track the cash balance, money owed to the business, money owed to creditors and payroll paid to employees. The number of accounts a business needs will vary, but business accounts are universal for all businesses.
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Definition of Account
In accounting, an account is a record in the general ledger that is used to sort and store transactions. For example, companies will have a Cash account in which to record every transaction that increases or decreases the company's cash.
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