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What is a chart of accounts

Assignment Help Financial Accounting
Reference no: EM132809962

Problem 1: What is a Chart of Accounts?

1. A record of a firm's ongoing financial transactions

2. The total balance for each account at the end of the accounting period

3. A journal in which expenses made on behalf of clients are entered

4. A customized, detailed chart that creates a unique identification number for each business account

Reference no: EM132809962

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