QUESTION IMAGE
Question
a companys list of all ledger accounts with an identification number assigned to each account is called a: multiple choice source document. journal. trial balance. chart of accounts. general journal.
A chart of accounts is a list that includes all ledger accounts of a company, with an identification number assigned to each account for easy - reference and organization in the accounting system. Source documents are the original records of transactions. A journal is a record of transactions in chronological order. A trial balance lists account names and their balances to check for equality of debits and credits. The general journal is a type of journal.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
D. Chart of accounts