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What is account

What is an Account? Various Definitions & Types (With FAQs)

October 29, 2022
by Atul Singla with No Comment Financial Instruments

In accounting, what is an account, is a general ledger record used to sort and store transactions. For example, a company has a cash account that records all transactions that increase or decrease the company's cash. Another account is the Sales account ...

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Atul Singla

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