(True) or (False)? A chart of accounts is a list of all accounts with the detail of every transaction, as well as the running balances.

Respuesta :

Answer:

True

Explanation:

  • A chart of accounts is a list of all accounts with the detail of every transaction, as well as the running balances.

A chart of accounts (COA) is a financing tool that provided a list of every account in a system. Connected to those accounts is every detail of transactions made and running balances.

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