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A record showing increases and decreases to an asset or liability is an:

AAccretion
BAccount
CAccolade
DAccordion
Answer & Solution
Correct answer: B. Account
1. Each item gets its own running record. 2. Both rises and falls are shown. 3. That record is an account. _Source: OpenStax Principles of Accounting Volume 1, Chapter 3, Analyzing and Recording Transactions._
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