Ask Question
5 May, 08:15

What are Account? What are purpose of account

+5
Answers (1)
  1. 5 May, 08:20
    0
    In accounting, an account is a record in the general ledger that is used to sort and store transactions.

    For example, companies will have a Cash account in which to record every transaction that increases or decreases the company's cash.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What are Account? What are purpose of account ...” in 📘 English if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers