The Official List of All the Accounts Is Called the Chart

question 8

True/False

The official list of all the accounts is called the chart of accounts.

---

Definitions:

Exact Amount

A specific, precise sum of money or measurement of quantity, with no deviation allowed.

Legal Tender

Currency that is officially recognized by a governmental authority as acceptable payment for debts.

Legal Tender

Currency that must be accepted if offered in payment of a debt, as decreed by a country's government.

Exact Tender

The requirement for a payment in the precise amount owed, without needing change.