The detailed record of the changes in a particular asset, liability, or stockholders equity is...
Question:
The detailed record of the changes in a particular asset, liability, or stockholders equity is called:
a. an account.
b. a journal.
c. a ledger.
d. a trial balance.
Principles of Accounting:
These are rules and regulations that companies should follow when all the accounts and financial data are reported. The various accounting terms include journal, ledger, account, and financial statement.
Answer and Explanation: 1
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View this answerThe detailed record of the changes in a particular asset, liability, or stockholders equity is called: a. an account.
This is used to track the...
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Accounting Principles | Definition & Importance
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Learn about accounting principles according to GAAP and IFRS. Examine the accounting principles definition, and identify who sets fundamental accounting principles.
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