Definition of Accounts

Definition :

it is related to a financial records of an company that listing all financial transactions and must be kept at its place of occupation.


it is a affirmation or record of financial receipts and expenditure relating to a specific cause. the objective of these records are to authorize anyone to evaluate the company’s current financial position with reasonable validity. Further more, firm present their financial accounts in to two main parts first is balance sheet , second is income statement.

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