Question

What is account and difference between account and accountancy

Answer 1

Answer:

Account is a date-wise summary of business transactions. Accountancy is a profession in which we deal with diff. types of accounts.

Explanation:

Answer 2

BASICALLY ACCOUNTS AND ACCOUNTING ARE THE ELEMENTS OF ACCOUNTANCY. Accounts is the record or statement of financial expenditure and receipts relating to a particular period or purpose. ... Accountancy is the practice of recording, classifying, and reporting on business transactions for a business.