Q88
An 'account' records the ______ in the balance of an item
A.
Increase
B.
Decrease
C.
Increase or decrease
AnswerD.
Appreciation
Answer: Option C
Solution
Answer: Option C
Solution:
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.