In a Typical Chart of Accounts,what Information Is Provided Along

question 87

Multiple Choice

In a typical chart of accounts,what information is provided along with the account name?

• A) Account balance
• B) Account number
• C) Dates of transactions
• D) Transaction amounts

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Definitions:

Adjusting Entry

An accounting record made at the end of an accounting period to allocate income and expenditure to the appropriate period.

Weekly Wages

The total amount of earnings paid to an employee or group of employees on a weekly basis.

Factory Personnel

Workers or employees involved in the production processes within a manufacturing facility or plant.

Unearned Ticket Revenue

Income received by a company for goods or services to be delivered or performed in the future; it is considered a liability until the service is performed or goods are delivered.