The accounting of a company's operations is recorded in the accounts. Each transaction results in an increase or decrease in assets, liabilities and equity. The record of each transaction is saved in accounts and all these accounts correspond to the general ledger. The number of accounts varies according to the needs and the size of the company. The number of accounts may vary depending on the size of the company, but we must have all the accounts necessary to record assets, liabilities and equity.

The account is in the form of a T-account . The account name is at the top. It is divided into two parts, the debit on the left side and the credit on the right side. Increases or decreases are recorded on the left or right side depending on the nature of the account. To get the account balance, simply add all the amounts on the left and right sides and subtract the total from each side. This balance represents the difference between increases and decreases.

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