Accountancy, asked by sanju9785727807, 2 months ago

what do you mean by account​

Answers

Answered by Rogers404
11

Explanation:

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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