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.

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Definitions:

Brain Activity

The electrical and chemical processes that occur within the brain, enabling thoughts, feelings, behaviors, and physiological functions.

Stimulant Drugs

Substances that increase alertness, attention, and energy by activating the central nervous system.

Ritalin

A stimulant medication commonly prescribed to treat attention-deficit/hyperactivity disorder (ADHD), enhancing focus and impulse control.

Adderall

A prescription medication typically used to treat attention deficit hyperactivity disorder (ADHD) and narcolepsy.