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Question: what is account?

Answer: Accounts is basically collection and presentation of financial data.

Category Accounts Payable Interview Questions & Answers - Exam Mode / Learning Mode
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Question: what is account?

Accounts is basically collection and presentation of financial data. Source:

Answered by: Anamika Saboo | Date: 5/23/2010 | Contact Anamika Saboo Contact Anamika Saboo

Accounts is a systematic procedure of keeping the books of accounts. Source:

Answered by: Khazi Raza Mohammed | Date: 6/15/2010 | Contact Khazi Raza Mohammed Contact Khazi Raza Mohammed

Financial records of an organization that register all financial transactions, and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization's current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet, and the income statement (profit and loss account). The annual accounts of a registered or incorporated firm are required by law to disclose a certain amount of information. And have to be certified by an external auditor that they present a 'true and fair view' of the firm's financial affairs.

Answered by: Rahul Zalte | Date: 5/19/2016 | Contact Rahul Zalte Contact Rahul Zalte

An account is a summarised record of all business transaction. Effecting one person, one kind of property or one kind of gain or losses. Source:

Answered by: Aftab | Date: 6/10/2016 | Contact Aftab Contact Aftab

An accounts is a data base containing that record all the transaction for which purpose the account is made. Source:

Answered by: Pintal Chauhan | Date: 7/18/2016 | Contact Pintal Chauhan Contact Pintal Chauhan

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