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Annette [7]
1 year ago
6

______ are used to accumulate and report the effects of each different business activity separately rather than combining the va

rious types of activities together.
Business
1 answer:
Tresset [83]1 year ago
3 0

The accounting item that is used to perform the activity of accumulating and reporting transactional effects is <u>Accounts</u>.

<h3>What is an Account?</h3>
  • This is record that allows for the recording of business activities.
  • Is shown in ledger books depending on which general activity it relates to.

Accounts allow us to accumulate information related to a business transaction in such a way that all information related to that transaction are located in the same place.

In conclusion, this is an account.

Find out more on accounts at brainly.com/question/24702831.

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