Multiple Choice
The chart of accounts is designed to
A) alphabetize the accounts to make reading easier for its financial statement users.
B) analyze the accounts and organize them in order of dollar amount to simplify the accounting information for users.
C) summarize the transactions and determine their ending balances.
D) meet the information needs of a company and other financial statement users.
Correct Answer:
Verified
Correct Answer:
Verified
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