The list of account names and reference numbers that the company will use when accounting for transactions is called the chart of accounts.
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Q12: The general ledger is an internal report
Q13: When a company prepares a classified balance
Q14: The trial balance is a financial statement
Q15: If total assets decrease,then either total liabilities
Q16: Every transaction increases at least one account
Q18: The record-analyze-summarize process is applied only to
Q19: You are pleasantly surprised to discover that
Q20: Goodrich,Inc.signed an agreement to rent a warehouse
Q21: The acquisition of inventory in an exchange
Q22: Owners of a company:
A)hold promissory notes as
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