An account is a summarised record of the relevant transactions relating to a particular head. It records not only the amount of transactions, but also their effects and directions. For example, a cash account will show all of cash received and paid.
An account is a summarised record of the relevant transactions relating to a particular head. It records not only the amount of transactions, but also their effects and directions.
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Answer:
An account is a summarised record of the relevant transactions relating to a particular head. It records not only the amount of transactions, but also their effects and directions. For example, a cash account will show all of cash received and paid.
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Answer:
An account is a summarised record of the relevant transactions relating to a particular head. It records not only the amount of transactions, but also their effects and directions.
Explanation: