A Chart of Accounts Is

question 24

Multiple Choice

A chart of accounts is:

• A) a list of the significant and formal relationships and roles within a business organisation.
• B) a list of all transactions in chronological order.
• C) a list, in chronological order, of journal accounts used in an accounting system.
• D) a list of the complete set of account titles and their related reference numbers.

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Definitions:

Salutation

A gesture or statement of greeting or acknowledgment, often used at the beginning of a letter or email or addressed to a person when meeting.

Business Letter

A formal document for communication between companies, or between a company and its clients, employees, or stakeholders.

Recipient

An individual or entity that receives something from another.

Typist's Initials

The initials added to a document to indicate the person who has typed it, usually for attribution or record-keeping purposes.