Which of the Following Statements Is incorrect

question 110

Multiple Choice

Which of the following statements is incorrect?

• A)A chart of accounts is a listing of the accounts used by a business.
• B)New accounts can be added to the chart of accounts.
• C)Stockholders' Equity is an account that is included in the chart of accounts.
• D)Account titles for the chart of accounts are used in general journal entries.

---

Definitions:

Translating

The process of converting written or spoken content from one language into another, ensuring the message is accurately conveyed.

Condense Meaning

The process of making information more concise and straightforward while retaining its essential points.

Paraphrase

The process of rewording or rephrasing a text or segment of speech to clarify its meaning without changing the intended message.

Examples

Specific instances provided to illustrate a point, clarify, or support arguments in explanations.