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  2. Topic
    Business
  3. Study Set
    Accounting Information for Business Decisions
  4. Exam
    Exam 5: Recording, Storing and Reporting Accounting Information
  5. Question
    A Chart of Accounts Is a Numbering System Designed to Organise
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A Chart of Accounts Is a Numbering System Designed to Organise

Question 31

Question 31

Short Answer

A chart of accounts is a numbering system designed to organise a business' accounts efficiently and to reduce____________ in the _____________ and ________________ process.

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