Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter4: Posting To A General Ledger
Section4.1: Using Accounts And Preparing And Maintaining A Chart Of Accounts
Problem 1AYU
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Question
Define Chart of accounts
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Step 1Eq
A company has identified the list of names of accounts which is made available for recording transactions in its ledger. It bifurcates the financial assets, liabilities and transactions. All companies accounts are included in chart of accounts
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