Question:Which of following statements about an account is true? 

A In its simple form, an account consists of two parts. 
B An account is an individual accounting record of increases and decreases in specific asset, liability and owner's equity items. 
C There are separate accounts for specific assets and liabilities but only one account for owner's equity items. 
D The left side of an account is the credit or decrease side. 

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B 

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Md. Saydul Alam

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