The Chart of Accounts Is a

question 41

Multiple Choice

The chart of accounts is a

• A) list of accounts and their balances at a given time.
• B) device used to prove the mathematical accuracy of the ledger.
• C) listing of the accounts and the account numbers which identify their location in the ledger.
• D) required step in the recording process.

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Definitions:

Culture

The shared values, norms, beliefs, and practices that characterize an organization, community, or society.

Identify

The process of recognizing or determining the specific characteristics or features of an entity, distinguishing it from others.

Measure

To ascertain the size, amount, or degree of something typically by using an instrument or device.

Organizational Culture Artifact

Visible signs and symbols of an organization’s culture, including rituals, ceremonies, and the physical environment.