A record of all the changes in a particular asset during a period of time is found in a(n):
A)transaction.
B)trial balance.
C)prior period's balance sheet.
D)account.

Question

Quizplus · Accepted Answer

A record of all the changes in a particular asset during a period of time is found in an account. Transactions are individual events that affect at least two accounts, a trial balance is a list of all the balances in the accounts at a specific point in time, and a prior period's balance sheet reflects the balances of the accounts at the end of the prior period.

A Record of All the Changes in a Particular Asset