Identify the option that provides organizational structure for general ledger.

Question

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Answer 1

Question

Chapter 8, Problem 1TY

To determine

Identify the option that provides organizational structure for general ledger.

Expert Solution & Answer

Answer to Problem 1TY

Option d

Explanation of Solution

Chart of accounts: The chart that lists all the account titles along with their corresponding numbers that are used in the general ledger of a company is referred to as chart of accounts.7

Journal entries are made by the company to record all business transactions. In Accounting Information System, monetary accounts are separately post in each account to the various accounts in general ledger. A company's chart of accounts provides the organizational structure for the general ledger. The chart of accounts makes use of a block coding structure.

Option a: As per the above explanation, option a is incorrect.

Option b: As per the above explanation, option b is incorrect.

Option c: As per the above explanation, option c is incorrect.

Option d: As per the above explanation, option d is correct.

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Answer 2

Question

Chapter 8, Problem 1TY

To determine

Identify the option that provides organizational structure for general ledger.

Expert Solution & Answer

Answer to Problem 1TY

Option d

Explanation of Solution

Chart of accounts: The chart that lists all the account titles along with their corresponding numbers that are used in the general ledger of a company is referred to as chart of accounts.7

Journal entries are made by the company to record all business transactions. In Accounting Information System, monetary accounts are separately post in each account to the various accounts in general ledger. A company's chart of accounts provides the organizational structure for the general ledger. The chart of accounts makes use of a block coding structure.

Option a: As per the above explanation, option a is incorrect.

Option b: As per the above explanation, option b is incorrect.

Option c: As per the above explanation, option c is incorrect.

Option d: As per the above explanation, option d is correct.

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Answer 3

Question

Chapter 8, Problem 1TY

To determine

Identify the option that provides organizational structure for general ledger.

Expert Solution & Answer

Answer to Problem 1TY

Option d

Explanation of Solution

Chart of accounts: The chart that lists all the account titles along with their corresponding numbers that are used in the general ledger of a company is referred to as chart of accounts.7

Journal entries are made by the company to record all business transactions. In Accounting Information System, monetary accounts are separately post in each account to the various accounts in general ledger. A company's chart of accounts provides the organizational structure for the general ledger. The chart of accounts makes use of a block coding structure.

Option a: As per the above explanation, option a is incorrect.

Option b: As per the above explanation, option b is incorrect.

Option c: As per the above explanation, option c is incorrect.

Option d: As per the above explanation, option d is correct.

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Answer 4

Question

Chapter 8, Problem 1TY

To determine

Identify the option that provides organizational structure for general ledger.

Expert Solution & Answer

Answer to Problem 1TY

Option d

Explanation of Solution

Chart of accounts: The chart that lists all the account titles along with their corresponding numbers that are used in the general ledger of a company is referred to as chart of accounts.7

Journal entries are made by the company to record all business transactions. In Accounting Information System, monetary accounts are separately post in each account to the various accounts in general ledger. A company's chart of accounts provides the organizational structure for the general ledger. The chart of accounts makes use of a block coding structure.

Option a: As per the above explanation, option a is incorrect.

Option b: As per the above explanation, option b is incorrect.

Option c: As per the above explanation, option c is incorrect.

Option d: As per the above explanation, option d is correct.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 8, Problem 1TY

To determine

Identify the option that provides organizational structure for general ledger.

Expert Solution & Answer

Answer to Problem 1TY

Option d

Explanation of Solution

Chart of accounts: The chart that lists all the account titles along with their corresponding numbers that are used in the general ledger of a company is referred to as chart of accounts.7

Journal entries are made by the company to record all business transactions. In Accounting Information System, monetary accounts are separately post in each account to the various accounts in general ledger. A company's chart of accounts provides the organizational structure for the general ledger. The chart of accounts makes use of a block coding structure.

Option a: As per the above explanation, option a is incorrect.

Option b: As per the above explanation, option b is incorrect.

Option c: As per the above explanation, option c is incorrect.

Option d: As per the above explanation, option d is correct.

Answer 6

Chapter 8, Problem 1TY

To determine

Identify the option that provides organizational structure for general ledger.

Expert Solution & Answer

Answer to Problem 1TY

Option d

Explanation of Solution

Chart of accounts: The chart that lists all the account titles along with their corresponding numbers that are used in the general ledger of a company is referred to as chart of accounts.7

Journal entries are made by the company to record all business transactions. In Accounting Information System, monetary accounts are separately post in each account to the various accounts in general ledger. A company's chart of accounts provides the organizational structure for the general ledger. The chart of accounts makes use of a block coding structure.

Option a: As per the above explanation, option a is incorrect.

Option b: As per the above explanation, option b is incorrect.

Option c: As per the above explanation, option c is incorrect.

Option d: As per the above explanation, option d is correct.

Answer 7

Chapter 8, Problem 1TY

To determine

Identify the option that provides organizational structure for general ledger.

Answer 8

Expert Solution & Answer

Answer to Problem 1TY

Option d

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Chart of accounts: The chart that lists all the account titles along with their corresponding numbers that are used in the general ledger of a company is referred to as chart of accounts.7

Journal entries are made by the company to record all business transactions. In Accounting Information System, monetary accounts are separately post in each account to the various accounts in general ledger. A company's chart of accounts provides the organizational structure for the general ledger. The chart of accounts makes use of a block coding structure.

Option a: As per the above explanation, option a is incorrect.

Option b: As per the above explanation, option b is incorrect.

Option c: As per the above explanation, option c is incorrect.

Option d: As per the above explanation, option d is correct.