Examveda
Examveda

An 'account' records the ______ in the balance of an item

A. Increase

B. Decrease

C. Increase or decrease

D. Appreciation

Answer: Option C

Solution(By Examveda Team)

An 'account' records the Increase or decrease in the balance of an item. An account is an individual accounting record of increase and decrease in a specific asset, liability or stockholders equity item.

This Question Belongs to Commerce >> Accounting

Join The Discussion

Related Questions on Accounting