Which term refers to an ordered listing of accounts that comprise a company's general ledger?
a. General ledger
b. Balance sheet
c. Bank ledger
d. Chart of accounts (COA)
e. None of the above
Answer: d. Chart of accounts (COA)
Business
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Standardization of accounting standards helps decision makers compare results from one year to the next and from one company to another.
a. true b. false
Business
Closing is on June 15, and rent of $2,400 has been prepaid for the current month. What will the seller be debited at closing if the buyer received credit for the days of closing?
a. $1,280 b. $1,200 c. $1,350 d. $2,200
Business