A chart of accounts is:
A) a depiction of the significant and formal relationships and roles within a business organisation.
B) a list,in some logical form,of all relevant transactions in a business organisation.
C) a list,in chronological order,of journal accounts used in an accounting system.
D) a list of the complete set of account titles and their related reference numbers.

Question

Quizplus · Accepted Answer

A chart of accounts is a list of all the account titles and their corresponding reference numbers used in an accounting system. It provides a standardized method for organizing and categorizing financial transactions, making it easier to generate financial statements and analyze business performance.

A Chart of Accounts Is