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Which of the following is true of the chart of accounts ?
Question 14 Not yet answered Marked out of 1.00 P Flag question Which of the following is true of a chart of accounts? Select
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Answer #1

Correct Answer : B. It shows the account title and numerical code of all general ledger accounts.

Reason : Chart of accounts contains a list of account titles along with the numerical codes. It contains List of ledgers of balance sheet first.

It is not same as trial balance. It list accounts on basis of categories (not on alphabetical order)

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