A chart of accounts is a detailed record of the changes in a particular asset, liability, or owner's equity.

Name: A chart of accounts is a detailed record of the changes in a particular asset, liability, or owner's equity.
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A chart of accounts is not a detailed record of the changes in a particular asset, liability, or owner's equity. Rather, it is a list of a company's accounts and corresponding account numbers used to track transactions and categorize financial information.

A Chart of Accounts Is a Detailed Record of the Changes