Which Statement Is NOT True About the Chart of Accounts

question 29

Multiple Choice

Which statement is NOT true about the Chart of Accounts?

• A) The order of the chart of accounts is important.
• B) The first digit in the account number helps identify and organize the accounts in the chart.
• C) Income statement accounts are listed before balance sheet accounts.
• D) None of the above are true.

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Role Transition

The process of changing from one role or responsibility to another, which may occur in various life or career contexts.

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