Question

WHAT IS MEANING OF ACCOUNT

Answer 1

Answer:

Your answer.

Explanation:

Definition of Account.

An account is a record in an accounting system that tracks the financial activities of a specific asset, liability, equity, revenue, or expense. These records increase and decrease as the business events occur throughout the accounting period. Each individual account is stored in the general ledger and used to prepare the financial statements at the end of an accounting period.

Example.

Assets are resources that the company can use to generate revenues in current and future years. Asset accounts have a debit balance and are always presented on the balance sheet first.

Answer 2

somebody's reports or description of something that was happened

example : she gava the police a full account of robbery