A list of the accounts used by a business is called the

A) journal
B) chart of accounts
C) T chart
D) debit listing

Question

A list of the accounts used by a business is called theA) journalB) chart of accountsC) T chartD) debit listing

Saurabh Kaura · Accepted Answer

Final Answer : B, Explanation :  The chart of accounts is a list of all accounts that a business uses to record its financial transactions. It organizes accounts by category and provides a numbering system to make financial reporting and analysis more efficient. The other options listed are not comprehensive lists of accounts used by a business.

A list of the accounts used by a business is called the

A) journal
B) chart of accounts
C) T chart
D) debit listing

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Learning Objectives

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