Subdivisions of assets, liabilities, and shareholders' equity are called

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Subdivisions of assets, liabilities, and shareholders' equity are called accounts. Accounts are used to classify and track various financial transactions within a company. For example, assets may be divided into accounts such as cash, accounts receivable, and inventory, while liabilities may be divided into accounts such as accounts payable and accrued expenses. Shareholders' equity may be divided into accounts such as retained earnings and common stock.

Subdivisions of Assets, Liabilities, and Shareholders' Equity Are Called