Have you ever heard of the chart of accounts? A chart of accounts is a list of financial accounts set up, usually by an accountant, for a corporation and available for the bookkeeper's use for recording transactions in the general ledger. Accounts may be added in the charts as needed and not be eliminated, especially if a transaction was posted to the account. Take this quiz and find out if your knowledge of the chart of accounts adds up.
Accounting equation
Wave equation
The origin of complex numbers
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Expenses
Liabilities
Equity
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True
False
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Names of customers and suppliers
General ledger account names and numbers
Names of each inventory item
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The banking corporation
The 10 richest people of the world
Expenses
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Assets
Liabilities
Expenses
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Expenses
Income
Assets
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Expenses
Liabilities
Assets
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Equity
Expenses
Income
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Equity
Liabilities
Expenses
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Assets
Equity
Expenses
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Income
Assets
Equity
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