The ledger provides more detail than the chart of accounts.

Select one:

True

False

Question

Business

Maryjane Terry

11 November, 10:15

The ledger provides more detail than the chart of accounts.

Select one:

True

False

+2

Answers (1)

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Emilio Winters · Answer 1

The statement is true. Ledger comprises of all the accounts and the details of the transactions while the chart of accounts is a statement that categorizes the accounts depending on their characteristics such as assets, liabilities, equity, etc ...

Ledger contains all the accounts with the detailed transactions.

The ledger provides more detail than the chart of accounts.Select one:TrueFalse

The ledger provides more detail than the chart of accounts.

Select one:

True

False