Examlex
Which of the following is not true about the use of apps?
Chart of Accounts
An organized list of all the accounts in a company's general ledger which are used to categorize transactions.
Ledger
A comprehensive collection of all accounts and financial transactions of a company, organization, or individual.
Account Numbers
Unique identifiers assigned to individual accounts in an organization's chart of accounts, facilitating accurate recording, classification, and reporting of financial transactions.
Normal Credit Balances
Accounts with a credit balance as expected in the accounting equation; for instance, liabilities, equity, and revenue accounts normally have credit balances.
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