question archive A group of accounts for a business entity is called a: a
A group of accounts for a business entity is called a: a
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A group of accounts for a business entity is called a:
a. chart of accounts.
b. transaction.
c. T-account.
d. ledger.
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- A group of accounts for a business entity is called a d. ledger.
The group of accounts used by a firm is known as ledger. It contains all the accounts used by the company for a given period of time. The ledgers are prepared on the basis of the recorded transactions in the general journal.
