Accountancy, asked by rameshbxr444, 1 year ago

how many sides does an account have?​

Answers

Answered by incredibleme98
1

Answer:

You are allowed to have up to 5 accounts, this means you can make four side accounts. But these side accounts are extremely limited in use. There are many rules made by Neopets to limit what you can do on a side account.

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Answered by shilpa85475
0

Transactions are recorded in the Journal and then transferred to the ledger accounts. A supplemental book is known as a ledger. Each account has two sides, one for debit and one for credit.

The two accounting instruments are debit and credit. Business transactions must be recorded, which necessitates the creation of two accounts: debit and credit. These are the monetary events that affect the financial system. These accounting instruments, debit and credit, come into play when keeping track of this transaction. Whenever accounting transactions occur, they have a significant impact on these two accounts.

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