The record used to accumulate monetary information for each individual asset, liability, stockholders' equity, revenue, and expense item is a(an)
A) Chart of accounts
B) General Journal
C) General Ledger
D) Account

Question

Quizplus · Accepted Answer

An account is the record used to accumulate monetary information for each individual asset, liability, stockholders' equity, revenue, and expense item.

The Record Used to Accumulate Monetary Information for Each Individual