The Chart of Accounts Is a

question 107

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:

Oxygen

A chemical element with symbol O and atomic number 8, essential for respiration of living organisms and combustion processes.

Compound

A compound is a substance made up of two or more different elements chemically bonded together in a fixed ratio.

Ag+

A silver ion, typically carrying a single positive charge, often used in silver compounds or in photography.

Chlorine

A highly reactive halogen element used in water purification, disinfectants, and in the production of chlorinated compounds.