A Chart of Accounts Is

question 5

Multiple Choice

A chart of accounts is:

• A)a source document.
• B)another name for a trial balance.
• C)a list of all of the accounts of an organization and their related account numbers.
• D)prepared as the last step in analyzing transactions.

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Definitions:

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

New Capital

Funds or equity obtained by a company for the purpose of furthering its business objectives, or the addition of assets.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Economic Growth

Refers to an increase in a country's output of goods and services over time, typically measured by GDP.