Multiple Choice
Which of the following statements relating to a chart of accounts is correct?
A) The accounts are listed in alphabetical order.
B) It is a list of accounts and their current balances.
C) It is created at the commencement of a business.
D) It is the same for most businesses.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: The term used in the Framework for
Q46: In Accounting, GST stands for:<br>A) General Service
Q47: The GST is a tax that is
Q48: In accounting, ABN stands for:<br>A) Annual Business
Q49: A regular withdrawal of cash by the
Q51: Kleen Windows received $770 (including GST) from
Q52: Which of the following statements is correct?<br>A)
Q53: A collection of all the individual accounts
Q54: A sole proprietor who owns a newsagency
Q55: O'Brien paid $880, including GST, for advertising.