An account is a place to record transactions that occur within a business. Accounts are divided into three specific categories: assets, liabilities, and owner's equity.
Applied skills0(0 Ratings)English
Lecturer OSJ Global OSJ
, Saranya TS
Course expires on 20-Dec-2025 Last updated Mon, 11-Aug-2025
+ View more
Course overview
In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger.
Write a public review