A list of all account names used to record transactions of a company is referred to as the:
A)Chart of Accounts
B)Income statement
C)General journal

Question

Quizplus · Accepted Answer

The chart of accounts is a document that lists all account names used by a company to record its transactions. This includes all asset, liability, equity, revenue, and expense accounts. The income statement is a financial report that shows a company's revenue, expenses, and net income for a specific period of time. The general journal is a chronological record of a company's transactions, including the accounts affected and the amounts involved. While all of these documents are important for accounting purposes, only the chart of accounts specifically lists all account names used by a company.

A List of All Account Names Used to Record Transactions