Accountancy, asked by av6869209, 6 hours ago

What is account? And what are the importance of account?

Answers

Answered by anushkabhooshan
1

Explanation:

Generally, it is a communication in the form of financial statements like Balance sheet, income statement, cash flow etc. also we can say that it is an information system which identify, measures and communicates the economic/business information of an entity to its users who need the information for decision making.

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