Question

what are the three classes of account?​

Answer 1

Explanation:

apply these rules one must first ascertain the type of account and then apply these rules.

Debit what comes in, Credit what goes out.

Debit the receiver, Credit the giver.

Debit all expenses Credit all income.What are the classification of accounts?

According to modern approach, the accounts are classified as asset accounts, liability accounts, capital or owner's equity accounts, withdrawal accounts, revenue/income accounts and expense accounts.A business must use three separate types of accounting to track its income and expenses most efficiently. These include cost, managerial, and financial accounting, each of which we explore below.Jul 16, 2019

Answer 2

Answer:

A business must use three separate types of accounting to track its income and expenses most efficiently. These include cost, managerial, and financial accounting, each of which we explore below.

Explanation:

Hope it helps you.