Which of the following is true of a chart of accounts?
A) It is the same thing as a trial balance
B) It shows the account title and numerical code of all general ledger accounts
C) It lists accounts in alphabetical order
D) The first accounts listed are the revenue accounts

Question

Quizplus · Accepted Answer

A chart of accounts is a list of the titles of all the accounts in a business's accounting system. Account titles are grouped by, and in order of, assets, liabilities, stockholders' equity, revenue, and expenses.

Which of the Following Is True of a Chart of Accounts