What do you mean by account
Answers
Answered by
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 !!☺
●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
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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