English, asked by adarshsinghrajp7296, 10 months ago

What is an account? How to write it? Please answer according to CAIE Standards.

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Answered by Anonymous

Answer:

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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