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An account is an important accounting record where financial information is stored until needed. Briefly describe (1) the nature of an account, (2) the different types of accounts with definitions and exs, and (3) the manner in which an account is increased and decreased and its normal balance. (4) Also give exs of two different journal entries and tell us what they represent.

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Managerial Accounting, Accounting

Category:- Managerial Accounting
Reference No.:- M983493

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