The detailed record of the changes in a particular asset. liability. or owner’s equity is called

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The detailed record of the changes in a particular asset, liability, or stockholders equity is called O A. a journal O B. a trial balance O C. a ledger OD, an account. Click to select your answer

Answer

The correct option is D.

An account contains a detailed record of beginning balance,ending balance,depreciation,all purchases/sales made during a period of an asset etc .The same is true for liablities or for stockholders equity as well where beginning,ending balance and increases/decreases are shown in a detailed manner.

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