Which of the following statements are true? Select all that apply and click on Submit Different companies
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Which of the following statements are true?
Select all that apply and click on Submit
Different companies will use different charts of accounts based on individual company need.
The chart of accounts contains the balance of all the accounts in the ledger.
The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.
The general ledger and the chart of accounts can be ordered in any sequence because they are not formal financial systems.
Related Book For
Accounting Information Systems
ISBN: 978-0133428537
13th edition
Authors: Marshall B. Romney, Paul J. Steinbart
Posted Date: