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Exam (elaborations)
Test Bank Accounting 25th Edition by Carl S. Warren, James M. Reeve and Jonathan Duchac
Test Bank Accounting 25th Edition by Carl S. Warren, James M. Reeve and Jonathan Duchac/ 
 
 
 
TEST BANK ACCOUNTING 
25TH EDITION BY CARL S. 
WARREN, JAMES M. REEVE 
AND JONATHAN DUCHAC 
 
 
 
 
 
 
 
 
Chapter 2: Analyzing Transactions 
 
1. Accounts are records of increases and decreases in individual 
financial statement items. 
 
TRUE 
 
2. A chart of accounts is a listing of accounts that make up the journal. 
True False 
 
 
 
 
3. The chart of accounts should be ...