The ledger provides more detail than the chart of accounts. Select one: True False

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asked Jul 21, 2021 174k views

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Brian McCutchon · Answer 1 · 2021-07-25T11:28:01+0000

Answer:

The statement is true. Ledger comprises of all the accounts and the details of the transactions while the chart of accounts is a statement that categorizes the accounts depending on their characteristics such as assets, liabilities, equity, etc..

Ledger contains all the accounts with the detailed transactions.

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The ledger provides more detail than the chart of accounts. Select one: True False

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