A Chart of Accounts for a Business Firm

question 57

Multiple Choice

A chart of accounts for a business firm

• A) is a graph.
• B) indicates the amount of profit or loss for the period.
• C) lists the accounts and account numbers that identify their location in the ledger.
• D) shows the balance of each account in the general ledger.

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Definitions:

National Academy

A prestigious society or organization, often government-sponsored, established to advance science, the arts, or other cultural and educational causes within a nation.

Sciences

Systematic and organized bodies of knowledge about the universe and living beings, characterized by empirical evidence and the application of scientific methods.

Polygraphs

Instruments used to measure physiological responses, such as heart rate and blood pressure, to determine whether a person is telling the truth.

National Security

The measures and actions taken by a sovereign state to protect its citizens, economy, and institutions from external and internal threats.