Concept in Definition ABC

An account is the basic and fundamental element of any accounting, either that of a company, business, or the personal of each individual, also becoming the main record in which the increases and decreases that may be suffered by some value, asset, liability or Stockholders' equity as a result of the operations carried out by the company, business or person, according to corresponds.

Obviously and with the aim of having an oiled control over the values ​​that are available and the justified reason for those values ​​that leave, this record must be made in a clear, orderly and understandable way and then put it in the general and not Of course we do not have any difference in favor or against and be aware of the financial status of our company or ours personal.

In the accounts, then, all commercial transactions will be classified that take place in a company for example, in order to translate them neatly into the book corresponding accounting and also to have a complete measurement of the assets, rights and obligations that are available or will be available on a given date.

Each element that makes up the heritage someone's will be represented graphically with the letter T and will be placed on top, since both the side right as the left will be occupied as we will explain below. Is Annotation modality was adopted in Renaissance Italy, which is where accounting as tto the.

In the margin left, also known as the Debt column, the origins of the debits will be indicated. resources and in the right or credit, the applications of the resources will be listed, this is when the company makes a purchase x, requests a loan or acquires the obligation to pay something for example, it will then be placed on the right side.

There are two types of accounts, management and equity. In the case of equity, these will appear on the company's balance sheet and may be part of both the liabilities and assets of the company. On the other hand, management costs reflect the expenses and income and they will be evident in the profit and loss account.