Answered: An account is a record of increases and…

Business

Accounting

An account is a record of increases and in a specific asset, liability, equity, revenue or expense.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 3QY: An account that has unearned in its name is classified as what type of account? a. Asset b....

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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An account is a record of increases and in a specific asset, liability, equity, revenue or expense.

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