Question

5. Which of the following statements best describes a chart of accounts? A. It can contain only 39 accounts. B. It assures the equality of debits and credits. C. It contains the beginning balance for each account in the ledger. D. It’s a list of account titles in the order in which they can be found in the ledger

Answer 1

B. It assures the equality of debits and credits. I got it right when I tested on it

Answer 2

B.it assures the equality of debit and credit