What is the difference between an account and a ledger

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Question - Consider, answer and discuss the following questions:

If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain.

What is the difference between an account and a ledger?

Do the terms debit and credit signify increase or decrease or can they signify either? Explain.

Reference no: EM133107441

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