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Types of Accounts and Their Functions

Types of Accounts and Their Functions

There are several different types of accounts in the field of accounting. In general, debits increase accounts and credits decrease them. Here are the most common types and their functions. The purpose of each is to provide the entity with the information it needs for decision-making. Depending on the nature of the business, an account […]

February 23, 2022February 25, 2022
by Roxanne Dickson
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