The Accounts in a Chart of Accounts Are Normally Listed

question 100

True/False

The accounts in a chart of accounts are normally listed in order of their account number.

---

Definitions:

Excise Tax

A tax on sales of a good or service.

Producers

Individuals or businesses that create and supply goods or services in the economy.

Tax Rate

The amount of tax people are required to pay per unit of whatever is being taxed.

Excise Tax

A tax levied on specific goods, services, or transactions, such as tobacco, alcohol, and fuel, usually to discourage consumption or raise government revenue.