Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a chart of accounts: is where transactions are ini

A chart of accounts: is where transactions are initially recorded. is where transactions are posted...

80.2K

Verified Solution

Question

Accounting

A chart of accounts:

is where transactions are initially recorded.

is where transactions are posted to after they are initially recorded.

serves as an index to the ledger, with each account numbered to facilitate frequent references that are made to it.

is the same as a T-account, with debits on the left and credits on the right.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Electrical Engineering
1.2K views

The Early voltage is a quantity used to model ... The dependency of the collector current...

Physics
1.2K views

3 Iwo blocks are connected by a rope of negligible mass as shown The lower...

Geometry
1.2K views

witch two triangles are congruent 10 65 45 Q Q S 45 70 S 10...

Basic Math
1.2K views

Graph the feasible region for the following system of inequalities. Tell whether the region is...

Algebra
1.2K views

Draw a circle with an equation of 1 2x y 4y 4 2 5 4...

Accounting
1.2K views

The 3 questions are connected but i don't understand how we got the answer for...

Accounting
1.2K views

state 3 reasons why healthcare facilities hold cash what are the objectives of billing credit...

Accounting
1.2K views

3 Exercise 6.14 Physical Flow, Equivalent Units, Unit Costs, No Beginning WilD Activity-Based Costing Lacy,...

Finance
1.2K views

Consider the following spot interest rates for maturities of one, two, three, and four years....

Finance
1.2K views

A depreciation method where higher depreciation is charged when there is higher activity and less...

Finance
1.2K views

Use the EDGAR search system from the SEC to access the 10-Q Quarterly report for...

Accounting
1.2K views

Durine 20229 unland Comparation had the followirg amounts, all before calalatinz tax eflects-incame before income...