A list of all asset, liability, stockholders' equity, revenue, expense, and dividend accounts which are used by the company is called a(n)
A)General Ledger.
B)General Journal.
C)Chart of Accounts.
D)Trial Balance.

Question

Quizplus · Accepted Answer

A chart of accounts is a list of all the accounts used by a company to record financial transactions. It includes asset, liability, stockholders' equity, revenue, expense, and dividend accounts. The general ledger is a record of all financial transactions, the general journal is a chronological record of financial transactions, and the trial balance is a list of all accounts with their balances used to ensure the accuracy of the financial statements.

A List of All Asset, Liability, Stockholders' Equity, Revenue, Expense