As Compared to Natural Accounts, FUNCTIONAL ACCOUNTS

question 175

Multiple Choice

As compared to natural accounts, FUNCTIONAL ACCOUNTS:

• A) are the accounts to which various costs are charged in the normal accounting cycle.
• B) show the purpose for which expenditures are made.
• C) include items such as storing, salaries, and taxes.
• D) All of the above.
• E) Both A and C above.

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Definitions:

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Sociometer Model

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