Accounting systems are designed to show the increases and decreases in each accounting equation element as a separate record. This record is called a/an ________. Group of answer choices chart of accounts balance sheet trial balance account

a list of each customer account and thre balance owed is a:

An accounting entry that is characterized by having multiple debits and/or multiple credits is called a entry. A. chart of accounts O B. compound journal O C. posted O D. balanced Click to select vour answer.

When using the Spreadsheet (work sheet) method to analyze noncash accounts, it is best to start with Group of answer choices ​cash ​net income ​retained earnings ​revenue

The type of account with a normal credit balance is: Group of answer choices an asset drawing a revenue an expense

Which type of debit account is balanced in the income statement columns of a worksheet?

Identify the item that best completes each of the descriptions below. a. A(n) contains a record of decreases and increases in a specific revenue, expense, asset, liability, or equity. describes transactions entering an accounting system, such as a purchase order. b. A(n). c. The d. A(n) e. A list of all ledger accounts and identification numbers, not including account balances, is called a(n). is a record containing all accounts used by a company, including account balances. has a complete record of every transaction recorded. of accounts. general ledger Check