ACC 205 Week 1 DQ2 Accounts Accounts What does the term â€œaccountâ€ 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 peersâ€™ 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?