Creating Account using lightning-record-form in LWC

 Notes:

1. Cancel & Save buttons are implicitly added on the form.

2. lighting-record-form is a Lightning Data Service component. It takes care of the below capabilities:
a. Field level security 
b. Record visibility based on User sharing access.

recordFormExample.html

<template>
  <lightning-card>
    <lightning-record-form object-api-name={objname} fields={flds} onsuccess={handleSuccess}></lightning-record-form>
  </lightning-card>
</template>

recordFormExample.js

import {LightningElement} from 'lwc';
import {ShowToastEvent} from 'lightning/platformShowToastEvent';
import accObj from '@salesforce/schema/Account';
import accname from '@salesforce/schema/Account.Name';

export default class RecordFormExample extends LightningElement {
    objname = accObj;
    flds = [accname];
    handleSuccess(event) {        
        const toastEvent = new ShowToastEvent({
            title: "Account created",
            message: "Record ID: " + event.detail.id,
            variant: "success"
        });
        this.dispatchEvent(toastEvent);
    }
}

recordFormExample.js-meta.xml

<?xml version="1.0" encoding="UTF-8" ?>
<LightningComponentBundle xmlns="http://soap.sforce.com/2006/04/metadata">
<apiVersion>50.0</apiVersion>
<isExposed>true</isExposed>
    <targets>
<target>lightning__AppPage</target>
<target>lightning__RecordPage</target>
<target>lightning__HomePage</target>
</targets>
</LightningComponentBundle>