An Account Is a Form or Record Used to Keep

question 16

True/False

An account is a form or record used to keep track of the increases or decreases in the individual assets,liabilities,owner's equity,revenues,and expenses of a business entity.

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Definitions:

Human Interaction

involves the communication and exchange between people, affecting their behavior and relationships.

Conceptual System

An organized set of concepts and principles that guide understanding, interpretation, or explanation of phenomena.

Communication

The act of exchanging information, ideas, or feelings between individuals or groups, typically involving a sender, message, and receiver.

Discipline

A branch of knowledge, often studied in higher education, or a system of rules governing conduct.