A chart of accounts
A) is set up in alphabetical order.
B) includes account balances.
C) is a listing of all the accounts used by a company.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

A chart of accounts is a listing of all the accounts used by a company, categorized by asset, liability, equity, revenue, and expense accounts. It does not include balances and is typically not listed in alphabetical order.

A Chart of Accounts