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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

Explain the purpose of a chart of accounts.

To determine

Provide the purpose of a chart of accounts.

Explanation

Chart of accounts:

Chart of accounts refers to the list of all accounts used in a business. The chart of accounts contains account titles in numeric order for all assets, liabilities, stockholder’s equity, revenues and expenses. In “Mitchell ‘s Campus Delivery chart  of  accounts” the assets account will begin with  num...

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