A chart of accounts COA)is an ordered listing of accounts that comprise a company's general ledger.

Name: A chart of accounts COA)is an ordered listing of accounts that comprise a company's general ledger.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The given statement is true. A chart of accounts is a structured list of all the accounts used by a company in its accounting system. It helps in classifying financial transactions and preparing financial statements.

A Chart of Accounts COA)is an Ordered Listing of Accounts