what is mean by account?
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An account is a record in an accounting system that tracks the financial activities of a specific asset, liability, equity, revenue, or expense. ... Each individual account is stored in the general ledger and used to prepare the financial statements at the end of an accounting period.
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Iɴ ᴀᴄᴄᴏᴜɴᴛɪɴɢ, ᴀɴ ᴀᴄᴄᴏᴜɴᴛ ɪs ᴀ ʀᴇᴄᴏʀᴅ ɪɴ ᴛʜᴇ ɢᴇɴᴇʀᴀʟ ʟᴇᴅɢᴇʀ ᴛʜᴀᴛ ɪs ᴜsᴇᴅ ᴛᴏ sᴏʀᴛ ᴀɴᴅ sᴛᴏʀᴇ ᴛʀᴀɴsᴀᴄᴛɪᴏɴ.
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TᕼᗩᑎK YOᑌ.!!
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