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    Financial Accounting IFRS Study Set 1
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    Exam 2: The Recording Process
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    An Account Is an Individual Accounting Record of Increases and Decreases
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An Account Is an Individual Accounting Record of Increases and Decreases

Question 51

Question 51

Multiple Choice

An account is an individual accounting record of increases and decreases in specific


A) liabilities.
B) assets.
C) expenses.
D) assets, liabilities, and equity items.

Correct Answer:

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