what is account.?and what is business?
Answers
Business accounting is the systematic recording, analysing, interpreting and presenting of financial information. ... Accounting is the way a business keeps track of its operations. Accountants analyse the business finances so the owner can make better decisions.
Answer:
What is account?
An account is a summarised record of the relevant transactions relating to a particular head. It records not only the amount of transactions, but also their effects and directions. For example, a cash account will show all of cash received and paid
What is business?
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit