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What records classified and summarized transactional data

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Tundexi Tundexi

22-07-2022

An account is the item that involves record of classified and summarized transactional data.

What is an account?

This refers to the record in a system of accounting in which a business records debits and credits as evidence of accounting transactions.

Hence, it is the item that involves record of classified and summarized transactional data.

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