An account summarizes all transactions related to a particular item over a period of time.
What is an account?
Account serves as one that record all necessary transaction in a business, it help the company to be able to know the profit and the loss.
In this case, An account summarizes all transactions related to a particular item over a period of time.
Learn more about account at
https://brainly.com/question/25567167
#SPJ1
