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

This question belongs to Commerce Accounting
Accounting
?

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

Answer & Solution
Correct Answer: Option C
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.
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