I know every one of you wants to know what is an Account. It is a new subject when you choose your stream in COMMERCE . Yes, u can say it maths because u have to do calculations during accounting. Hi guys, I am Madhav Kaushik { I am a commerce student } You can ask any questions about the topic in comment box. So, lets start the Topic . An account (in book-keeping ) refers to assets , liabilities , income , expenses , and equity , as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger . Examples of common financial accounts are sales , accounts [1] receivable , mortgages , loans , PP&E , common stock , sales , services ...