An 'account' records the ______ in the balance of an item
A). Increase
B). Decrease
C). Increase or decrease
D). Appreciation
Increase or decrease
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.
1. Transferring entries from journal to ledger account is commonly known as
2. Specialized journals are more adequate for which type of businesses?
4. The model base cannot be prepared until
5. The main purpose of the system investigation phase is to produce
6. Which of the following is not a characteristic of a system?
8. The most important trait of a student is—
9. A Deepawali fair is being organized in your school. What would you like to do ?