A Chart of Accounts for a Business Firm

question 123

Multiple Choice

A chart of accounts for a business firm

• A)is a graph.
• 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:

World Trade Organization

An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.

Secondary groups

Large, impersonal social groups whose relationships are mostly based on specific, limited purposes or goals.

Face-to-face interaction

Direct, in-person communication or interaction between two or more people.

Specific roles

Defined functions or responsibilities assigned to individuals within a group, organization, or social structure.