Quiz

  1. 1
    Beginner

    The accounts found on the chart of accounts can be used on an invoice or sales receipt.

  2. 2
    Beginner

    Every account on the chart of accounts displays a running balance.

  3. 3
    Beginner

    The chart of accounts is a listing of accounts that appear either on the profit and loss or the balance sheet. Match the action to the financial form an account will appear on.

    Profit and Loss

    Balance Sheet

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