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:

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections for individuals, including the right against self-incrimination and double jeopardy.

Due Process

The legal requirement that the state must respect all legal rights that are owed to a person, including fair treatment through the normal judicial system.

U.S. Constitution

is the supreme law of the United States of America, establishing the national government, fundamental laws, and guaranteeing certain basic rights for its citizens.

Self-Incrimination

The act of implicating oneself in a crime, protected against in many legal systems by the right to remain silent.