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Which of the following statements best describes a chart of accounts?

AIt can contain only 39 accounts.
BIt assures the equality of debits and credits.
CIt contains the beginning balance for each account in the ledger.
DIt s a list of account titles in the order in which they can be found in the ledger.

Verified Answer :

Hagrid

The right answer for the question that is being asked and shown above is that: "d. It s a list of account titles in the order in which they can be found in the ledger." The statement that best describes a chart of accounts is that d. It s a list of account titles in the order in which they can be found in the ledger.

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