Which of the following is a use of the chart of accounts reference file?
A) To store data about completed transactions
B) To determine if an account number is valid
C) To store data about incomplete transactions
D) To store temporary data for processing

Question

Quizplus · Accepted Answer

The chart of accounts reference file is used to determine if an account number is valid. It contains a list of all the valid account numbers for a business and ensures that only valid account numbers are used in accounting transactions.

Which of the Following Is a Use of the Chart