Question

A list of all account names used to record transactions of a company is referred to as a:

a.Transaction.
b.Financial statement.
c.Chart of accounts.
d.Journal.

Answer 1

The chart of accounts is a list of all account names used to record transactions of a company.

Step-by-step explanation:

The correct answer is c.

Chart of accounts

. A chart of accounts is a list of all account names used to record transactions of a company. It is a systematic arrangement of various account titles and their corresponding numbers, which is used to classify and summarize financial transactions. The chart of accounts provides a structure for organizing financial information and facilitates the preparation of financial statements and analysis of a company's financial position.