Explain account with example
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In accounting, an account is a record in the general ledger that is used to sort and store transactions. ... Most accounting systems require that every transaction will affect two or more accounts. For example, a cash sale will increase the Cash account and will increase the Sales account.
Answered by
2
Explanation:
In accounting, an account is a record in the general ledger that is used to sort and store transactions. ... Most accounting systems require that every transaction will affect two or more accounts. For example, a cash sale will increase the Cash account and will increase the Sales account.
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