Which of the Following Is a CORRECT Statement About a Chart

question 75

Multiple Choice

Which of the following is a CORRECT statement about a chart of accounts?

• A)It lists the income statement accounts first.
• B)It can be used to determine the balance in an account.
• C)It is a tool used by accountants to help prepare the financial statements.
• D)It lists the balance sheet accounts first.

---

Definitions:

Secondary Consumer

An animal that eats herbivores (primary consumers).

Primary Consumer

Herbivores that feed on primary producers (plants and algae), playing a pivotal role in the transfer of energy through the food chain.

Bird

A warm-blooded vertebrate characterized by feathers, beaks, and typically the ability to fly.

Primary Producer

Organisms, typically plants and algae, that produce organic compounds from carbon dioxide through photosynthesis, serving as a food source for other organisms in the ecosystem.