The record used to accumulate monetary information for each individual asset,liability,stockholders' equity,revenue,and expense item is a(n)
A)chart of accounts.
B)general journal.
C)general ledger.
D)account.

Question

Quizplus · Accepted Answer

An account is a 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