Chapter 4 Double-Entry An account is an individual accounting record of increases and decreases labeled as debits and credits. There are separate accounts.
THE ACCOUNT An account is an individual accounting record of increases and decreases in a specific asset, liability, or owner’s equity item. A company.
1 A ccounting Principles, Weygandt, Kieso, & Kimmel.
John Wiley & Sons, Inc. © 2005 Chapter 2 The Recording Process Prepared by Naomi Karolinski Monroe Community College and and Marianne Bradford Bryant.
