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P1 C9 Ledger-Posting — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C9 Ledger-Posting1 Mark
Question
What is an Account?
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Answer

An account means summary showing debit and credit effects of transactions affected during a specified period, related to either individual, goods, assets, incomes or expenses, prepared in a specific format according to the rules of accounting.

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