Question

classify the following accounts​

Answer 1

Answer:

Classification and Types of Accounts

We record business transactions in accounts. Thus, an account is an individual and a formal record of a person, firm, company, asset, liability, goods, incomes and expenses. We need to prepare one account for each type of asset, liability, income or expense.

Hence, we record all the transactions related to a particular item in its account. For example, all-cash transactions whether receipts or payments will be recorded in the Cash A/c. After this, we will calculate the balance of Cash A/c.

Answer 2

Answer:

please mark me as BRAINLIEST

please follow me

please mark thanks for all my answers

Explanation:

whare is the accounts?