An account is a form or record used to keep track of the increases or decreases in the individual assets,liabilities,owner's equity,revenues,and expenses of a business entity.

Name: An account is a form or record used to keep track of the increases or decreases in the individual assets,liabilities,owner's equity,revenues,and expenses of a business entity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. An account is a record used to track the financial transactions of a business entity.

An Account Is a Form or Record Used to Keep