asked 208k views
0 votes
An organization's list of all its accounts and the related account numbers is called a:

a) Trial balance
b) Ledger
c) Journal
d) Chart of accounts

1 Answer

6 votes

Final answer:

An organization's list of all its accounts and the related account numbers is called a chart of accounts.

Step-by-step explanation:

An organization's list of all its accounts and the related account numbers is known as a chart of accounts. This list is used to organize the company's finances and is integral to its accounting system. It is different from a ledger, which is a record of transactions divided among individual accounts but does not usually include the account numbers. A journal is a chronological record of all transactions before they are transferred to the ledger. Meanwhile, a trial balance is a worksheet where the balances of all ledgers are compiled into debit and credit account column totals that should match.

answered
User Isebarn
by
8.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.