Question

difine the term account and axplain the classification of account​

Answer 1

Answer:

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Answer 2

Answer:

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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