Each category of the accounting equation contains accounts.

a. true
b. false

Answer: a. true

Business

You might also like to view...

A department of communications can be designed to handle all of the marketing as well as public relations activities for a firm.

Indicate whether the statement is true or false.

Business

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

Business