A list of all accounts used by a company, including the identification number assigned to each account, is called a
A) ledger
B) journal
C) trial balance
D) chart of accounts
E) general journal

Question

Quizplus · Accepted Answer

A chart of accounts is a list of all the accounts used by a company with a unique identification number assigned to each account. Ledgers and journals are types of accounting books used to record financial transactions, while a trial balance is a statement that shows the debit and credit balances of all accounts in the company's books. A general journal is a book used to record transactions that do not fit into any specific account in the chart of accounts. Therefore, the best choice is D - chart of accounts.

A List of All Accounts Used by a Company, Including