October 14, 2025#what is the What is a Bank Account (Definition)? by b.s. sir
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October 14, 2025#what is the What is a Bank Account (Definition)? by b.s. sir
What is a Bank Account (Definition)? In accounting, a Bank Account represents the amount of money a business or individual holds in a bank. It is a Current Asset, shown on the Asset side of the Balance Sheet. It is used for receiving and making payments through bank transfers, cheques, or online transactions.
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