Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 6 - No. 21)
What is the purpose of a chart of accounts?
a) To list all the journal entries
b) To show the company's profit or loss
c) To organize and categorize the company's financial transactions.
d) To list all the company's employees.
Explanation
To organize and categorize the company's financial transactions.
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