what is Account....☹☹☹☹☹
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An account is a record in the general ledger that is used to sort and store the transaction.
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→What is Account?
In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger.
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