Which of the Following Is the Detailed Record of the Changes

question 2

Multiple Choice

Which of the following is the detailed record of the changes in a particular asset,liability,or owner's equity?

• A) Journal
• B) Trial balance
• C) Ledger
• D) Account

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Definitions:

Leasing Credit Criteria

The standards and requirements set by lessors to evaluate the creditworthiness and eligibility of lessees for a lease agreement.

Commercial Banks

Financial institutions that offer a wide range of services including deposit accounts, loans, and other financial services to businesses and individuals.

Equipment Loans

Financial products designed specifically to fund the purchase of machinery and equipment needed for business operations.

Debt-to-Equity Ratios

A financial metric used to assess a company's financial leverage, calculated by dividing its total liabilities by stockholders' equity.