A chart of accounts does NOT include
A) account balances.
B) account numbers.
C) account titles.
D) list of all accounts.

Question

Quizplus · Accepted Answer

A chart of accounts includes account numbers, account titles, and a list of all accounts used by a business but does not include the account balances. Account balances change frequently and are tracked in individual account records or ledgers, not in the chart of accounts itself.

A Chart of Accounts Does NOT Include