ACC 205 Week 1 DQ2 Accounts

<span itemprop="name">ACC 205 Week 1 DQ2 Accounts</span>


What does the term “account” mean?  What are the different classifications of accounts?  How do the rules for Debits and Credits impact accounts?  Please provide an example of how debits and credits impact accounts.

Guided Response:  
Analyze several of your peers’ postings.  Let at least two of your peers know if this knowledge could be used in their everyday lives.  Is so, how?  If not, why not?