A chart of accounts lists the accounts and balances at a specific time.
True
False

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03-06-2022
Business

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A chart of accounts lists the accounts and balances at a specific time.
True
False

Sagot :

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Gauravsingh23VTidn Gauravsingh23VTidn · Answer 1 · 2022-06-17T15:35:39-04:00

A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.

What is a chart of accounts?

chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.

Thus, it is a true statement.

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What is a chart of accounts?

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