(True) or (False)? A chart of accounts is a list of all accounts with the detail of every transaction, as well as the running balances.

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asked Dec 14, 2020 8.3k views

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Nametal · Answer 1 · 2020-12-21T05:58:02+0000

Answer:

True

Step-by-step explanation:

A chart of accounts is a list of all accounts with the detail of every transaction, as well as the running balances.

A chart of accounts (COA) is a financing tool that provided a list of every account in a system. Connected to those accounts is every detail of transactions made and running balances.

(True) or (False)? A chart of accounts is a list of all accounts with the detail of every transaction, as well as the running balances.

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