Accountancy, asked by Melvin47, 11 months ago

what is meaning of assets account​

Answers

Answered by Anonymous
12

Answer:

An asset account is a general ledger account used to sort and store the debit and credit amounts from a company's transactions involving the company's resources. The balances in the asset accounts will be summarized and reported on the company's balance sheet.

Explanation:

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Answered by Anonymous
0

Explanation:

in accounting and book keeping an asset account is a general ledger record for sorting and storing the debit and credit amount from a company's transactions.......a company will likely have an asset account for each of it's resources

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