waat is a mean by account
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Definition: An account is a record in an accounting system that tracks the financial activities of a specific asset, liability, equity, revenue, or expense. ... Each individual account is stored in the general ledger and used to prepare the financial statements at the end of an accounting period.
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Answer:Definition of account
1a: a record of debit (see DEBIT entry 2 sense 1a) and credit (see CREDIT entry 1 sense 2d) entries to cover transactions involving a particular item or a particular person or concern
b: a statement of transactions during a fiscal period and the resulting balance
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