Multiple Choice
A chart of accounts is:
A) a list of all of the accounts of the organization.
B) a source document.
C) prepared as the first step in analyzing transactions.
D) a list of all of the accounts of the organization and their related account numbers.
Correct Answer:
Verified
Correct Answer:
Verified
Q104: The accounting transaction to record a loan
Q105: The retained earnings account represents the excess
Q106: Posting accounting transactions avoids the necessity of
Q107: The purchase of office computers for cash
Q108: The purchase of an automobile involving a
Q110: The normal balance of Dividends is a
Q111: The term "double- entry accounting" indicates that
Q112: A trial balance is:<br>A)a list of balance
Q113: Assets, owners' equity and dividends are all
Q114: The normal balance of the Dividends account