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EleoNora [17]
3 years ago
7

A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n)________.

Business
1 answer:
ozzi3 years ago
7 0

Answer:

d. account This answer is correct

Explanation:

There are various types of accounts that are reported in the financial statements. The financial statement comprises of the income statement, balance sheet, statement of stockholder equity and the cash flow statement.

The recording of the increase in the specific asset, liability, revenue, expense, etc is called as an account

Just in net income, the revenue and expense account is reported. The asset, liability, stockholder equity which is reported in the balance sheet. The change in the values of the item is reported in the respective amount

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Isabella takes $100 of currency from her wallet and deposits it into her checking account. If the banks add the entire $100 to reserves, the money supply increases, but if the bank lends out some of the $100, the money supply decreases.
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A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t
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A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:

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3 years ago
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7 0
1 year ago
At the beginning of the year (January 1), Maurice and Sons has $16,300 of common stock outstanding and retained earnings of $2,2
Marianna [84]

Answer:

See below

Explanation:

Maurice and Sons

Statement of stockholder's equity at the end of the year (December 31)

Particulars Common stock

Retained earnings Total

Beginning

Balance $16,300

$2,200. $18,500

Net income

$3,410. $3,410

Dividend paid

-$1,550. -$1,550

Additional common

Stock $5,800. $5,800

Total

$4,060. $22,100. $26,160

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3 years ago
Which of the following is an advantage of a sole proprietorship?
tigry1 [53]
He control his profits en his expenditure without interference
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