What type of items can be found in an individual account?

An individual account in accounting is designed to track specific types of financial transactions and balances related to a particular element of the financial statements. The correct answer highlights that an individual account can contain specific items from each of the major categories: assets, liabilities, equity, revenue, and expenses.

This comprehensive scope allows for detailed tracking of an entity’s financial position and performance over time. For instance, within an individual account, you could find specific asset items like cash or accounts receivable, liability items such as accounts payable or notes payable, equity transactions related to common stock, as well as revenues from sales and expenses like rent or utilities. Each of these elements is critical for understanding how a business operates and its overall financial health.

In contrast, the other options don't encompass the full range of what can be recorded in an individual account. Limiting to only liabilities, expenses, or stockholders' equity would not represent the complete picture of a business's financial activities. Therefore, the broad definition in the correct answer accurately reflects the nature of individual accounts in accounting.