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Fitter Law » Account

The Legal Definition of Account

Legal Definition of Account: An unsettled claim, based upon dealings that have created a debtor and creditor relationship | Learn the legal definition of accounts and why it’s crucial for business owners. Properly recording transactions can prevent disputes and legal issues in the future. Don’t overlook the importance of understanding accounts for tax purposes. Avoid penalties by familiarizing yourself with this essential concept and ensure your business is operating within the law

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