A Chart of Accounts Is

question 14

Multiple Choice

A chart of accounts is:

• A)prepared as the first step in analyzing transactions.
• B)a source document.
• C)a list of all of the accounts of the organization.
• D)a list of all of the accounts of the organization and their related account numbers.

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Definitions:

Esteem Needs

Maslow's hierarchy of needs level, where individuals seek respect, self-esteem, recognition, and success to feel valued and fulfilled.

Deficiency Motive

A motivation that arises from the lack or deficit of some need or desire, driving behavior to fulfill that need.

Hierarchy

Hierarchy refers to a system or organization in which people or groups are ranked one above the other according to status or authority.

Possession

The act of owning or having control over an object, quality, or situation.