Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

2. Transaction Analysis

Trial Balance

Financial Accounting

2. Transaction Analysis

Trial Balance

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Multiple Choice

A(n) _____ is an orderly arrangement used to logically access rows in a table in the context of preparing a trial balance.

chart of accounts

bank reconciliation

income statement

general journal

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Verified step by step guidance

Understand the context of the problem: The question is asking about an orderly arrangement used to logically access rows in a table, specifically in the context of preparing a trial balance.

Recall the purpose of a trial balance: A trial balance is a summary of all ledger accounts and their balances at a specific point in time, used to ensure that total debits equal total credits.

Identify the tool or document that organizes accounts systematically: The chart of accounts is a structured list of all accounts used by an organization, categorized into assets, liabilities, equity, revenues, and expenses. It serves as the foundation for preparing a trial balance.

Eliminate incorrect options: Bank reconciliation is a process to match the bank statement with the company's records, the income statement summarizes revenues and expenses, and the general journal records transactions chronologically. None of these directly relate to organizing accounts for a trial balance.

Conclude that the correct answer is 'chart of accounts,' as it is the orderly arrangement used to logically access rows in a table for preparing a trial balance.