Based on the context in this sentence, account for means Are the main factor in.
Assets, liabilities, income, expenses, and equity are all considered accounts in bookkeeping. These items are represented by different ledger sheets, and changes in their values are chronologically documented with debit and credit entries. These entries, sometimes known as posts, are included in a ledger or book of final entries.
Three different account kinds exist. Real account: It links assets and obligations; it excludes accounts for specific individuals. They continue every year. Personal accounts link the accounts of people, businesses, and organisations. All accounts for income, expenses, losses, and gains are related by a nominal account.
An account in accounting is a general ledger entry that is used to categorise and record transactions.
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