Asked by
Joseph McCray
on Nov 15, 2024
Verified
A list of accounts and their account numbers is called the chart of accounts.
Chart of Accounts
A systematic listing of all accounts used by an organization, making up its general ledger and helping categorize transactions.
Account Numbers
Unique identifiers assigned to individual accounts within a financial recording system to differentiate and track financial transactions.
- Comprehend the purpose and arrangement of the chart of accounts in managing financial information.
Verified Answer
ES
Learning Objectives
- Comprehend the purpose and arrangement of the chart of accounts in managing financial information.