The statement "An account is defined as a record of the business activities related to a particular item" is true
What is an account?
An account refers to records of transactions in an understandable format which summarizes the performance of a particular business which is the item referred to in the question
There must be business activities such as buying and selling involving cash or credit transactions, for there to be accounting and also all of the transactions would be in respect of a particular business entity.
In short, the fact that account is a record of business dealings in respect of a particular item is perfectly correct.
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