A Chart of Accounts for a Company

question 92

Multiple Choice

A chart of accounts for a company

• A) is a graph of the financial position of the company.
• 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:

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Nile Perch

A large freshwater fish native to African rivers, lakes, and reservoirs, known for its significant role in commercial fishing.

Lake Victoria

Africa's largest lake by area, and it is among the largest freshwater lakes in the world, known for its rich biodiversity.

Biodiversity Decline

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