Accountancy, asked by Krishnakumarjha97110, 1 year ago

What do you mean by account

Answers

Answered by Anonymous
3
heya !!

●ACCOUNT:
___________

◆AN ACCOUNT CAN BE DEFINED AS A RECORD USED TO COLLECT AND STORE MONEY ( DEBIT AND CREDIT AMOUNTS).

or,

◆A RECORD OF FINANCES OR FINANCIAL EXPENDITURE AND RECEIPTS , WHICH RELATES ONLY TO A PARTICULAR PERIOD AND PURPOSE.

or ,

◆AN ACCOUNT IS BASICALLY A UNIQUE RECORD OF ALL TYPES OF :
ASSETS ,
LIABILITIES,
REVENUE,
EXPENSE /EXPENDITURE.

◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆

HOPE IT HELPS U !!☺
Answered by InFocus
0

Answer:

Accountancy is the process of managing the income and expenses of a business. Manage your accountancy needs with a comprehensive accounting system such as Debitoor. Start today. The process of recording and summarising financial transactions is known as 'bookkeeping'.

Explanation:

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