A list of all accounts used by a company and the identification number assigned to each account is called a:
A)Ledger
B)Journal
C)Trial balance
D)Chart of accounts
E)General Journal

Question

Quizplus · Accepted Answer

A chart of accounts is a list of all accounts used by a company, with a unique identification number assigned to each account. This helps in organizing financial information and making it easier to produce financial statements. Ledgers, journals, trial balances, and general journals are all related to accounting, but they do not specifically refer to a list of accounts with identification numbers.

A List of All Accounts Used by a Company and the Identification