Question: 3. A device used to record increases or decreases in the assets, liabilities, or owners equity portion of a business is called a(n) . a.

3. A device used to record increases or decreases in the assets, liabilities, or owners equity portion of a business is called a(n) .

a. General ledger

b. Bookkeeper

c. Account

d. Journal

4. Which of the following are examples of permanent owners equity accounts?

a. Revenue accounts

b. Stock

c. Asset accounts

d. Liability accounts

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