An account is the detailed record of the changes in a particular asset,liability,or owner's equity.

Name: An account is the detailed record of the changes in a particular asset,liability,or owner's equity.
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Quizplus · Accepted Answer

An account is a record of all the transactions related to a specific asset, liability, or owner's equity. It contains details of all changes to that particular item over a specific period. Hence, the given statement is true.

An Account Is the Detailed Record of the Changes in a Particular