Several terms which represent components of an accounting system are listed below. For each term, write a brief explanation of how that component is used in the accounting cycle.
A)Accounts
B)Chart of Accounts
C)Double-entry system with debits and credits
D)Journal
E)General Ledger
F)Trial Balance

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The Answer of Several terms which represent components of an accounting system are listed below. For each term, write a brief explanation of how that component is used in the accounting cycle.
A)Accounts
B)Chart of Accounts
C)Double-entry system with debits and credits
D)Journal
E)General Ledger
F)Trial Balance

Several Terms Which Represent Components of an Accounting System Are