Which of the Following Best Describes the Operative Chart of Accounts

Multiple Choice

Which of the following best describes the operative chart of accounts?

A) Contains the operational accounts that are used to record the financial impact of an organization's day-to-day transactions
B) Used to enable companies to meet special country-specific reporting requirements
C) Contains accounts that are used by multiple companies to consolidate their financial reporting
D) Contains only accounts payable transactions
E) Contains only accounts receivable transaction