A listing of all accounts in numerical order is called a(n)________.
A) Ledger
B) Journal
C) Income statement
D) Chart of accounts

Question

Quizplus · Accepted Answer

A chart of accounts is a listing of all accounts in numerical order, providing a systematic organization of accounting data. A ledger is a record that contains all the accounts used by a business, a journal is used to record transactions before posting them to the ledger, and an income statement is a financial statement showing the revenue and expenses of a business.

A Listing of All Accounts in Numerical Order Is Called