An individual accounting record of increases and decreases in a specific asset, liability, or shareholders' equity item is called a(n)
A)single-entry accounting system.
B)accounting transaction.
C)account.
D)normal balance.

Question

Quizplus · Accepted Answer

An account is an individual accounting record of increases and decreases in a specific asset, liability, or shareholders' equity item.

An Individual Accounting Record of Increases and Decreases in a Specific