The statement "An account is defined as a record of the business activities related to a particular item" is true
This is further explained below.
Generally, An account is a term used in accounting to refer to assets, liabilities, income, costs, and equity. In bookkeeping, an account is represented by a single page in a ledger, and any changes in value are documented chronologically using debit and credit entries.
These entries, which are also known as posts, are added to a book of final entries or ledger and form a part of it.
In conclusion, It is correct to say that "an account is defined as a record of the business operations associated with a single item," and this statement is accurate.
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