Question

what is Account in Accountancy?​

Answer 1

Answer:

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Explanation:

In accounting, an account is a record in the general ledger that is used to sort and store transactions. ... The term account is also used in transactions where suppliers sell goods to customers and grant credit terms such as net 10 days.

general ledger that is used to sort and store transactions. ... The term account is also used in transactions where suppliers sell goods to customers and grant credit terms such as net 10 days.

Answer 2

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An account is an record in the general ledger that is used to store and sort transitions . The term account is also used in transactions where suppliers sells good to costumer and grant credit term such as net 10 days..

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