Which Statement About an Account Is True

question 100

Multiple Choice

Which statement about an account is true?

• A)In its simplest form, an account consists of two parts.
• B)An account is an individual accounting record of increases and decreases in specific asset, liability, and stockholders' equity items.
• C)There are separate account for specific assets and liabilities but only one account for stockholders' equity items.
• D)The left side of an account is the credit or decrease side.

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Definitions:

Native Language

The first language that a person learns from birth, often used as the primary means of communication in one's household or community.

Infants

Children in the earliest stage of their lives, typically from birth up to one year of age, experiencing significant growth and development milestones.

Olympic Athletes

Elite athletes who compete in the Olympic Games, representing their countries in various sports.

Genetics

The scientific study of heredity and the variation of inherited characteristics.