Explain an account and how it helps in recording process

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Q. For example, Sierra Corporation has separate accounts for Cash, Accounts Receivable, Accounts Payable, Service Revenue, and Salaries Expense and so on. (Note that whenever we are referring to a specific account, we capitalize name.) Accounting equation determine effect if any on assets, liabilities and stockholder's equity. Explain what an account is and how it helps in recording process.

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