The chart of accounts is a list of all the accounts used by a company and a corresponding identification number.
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Q8: Unearned revenues are classified as liabilities.
Q9: In a double-entry accounting system, the total
Q10: Preparation of a trial balance is the
Q12: Double-entry accounting requires that the impact of
Q13: As prepaid expenses are used up,the costs
Q14: Debits increase both asset and expense accounts.
Q15: Accounting records are also referred to as
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