The first step in designing a computerized accounting system is the creation of the
A) general ledger.
B) general journal.
C) trial balance.
D) chart of accounts.

Question

Quizplus · Accepted Answer

The first step in designing a computerized accounting system is to create a chart of accounts, which lists all the accounts used by the organization and serves as the basis for recording transactions. Once the chart of accounts is established, the general ledger, general journal, and trial balance can be set up accordingly.

The First Step in Designing a Computerized Accounting System Is