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An account is an important accounting record where

Question - An account is an important accounting record where financial information is stored until needed. Briefly explain

(1) the nature of an account,

(2) the different types of accounts, and

(3) the manner in which an account is increased and decreased, and the normal balance of each type of accounts.

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Accounting Basics: An account is an important accounting record where

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Accounting Basics: An account is an important accounting record where

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