Question
Statement I: A Chart of Accounts provides guidance for when recording business transactions. Statement II: A Charts of Accounts should at least provide the numbers
Statement I:
A Chart of Accounts provides guidance for when recording business transactions.
Statement II:
A Charts of Accounts should at least provide the numbers and titles of accounts to be used by a company.
| Statement 1 is correct; statement 2 is incorrect |
| Statement 1 is incorrect; statement 2 is correct |
| Both statements are incorrect |
| Both statements are correct |
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Managerial Accounting Method And Meaning Teachers Guide
Authors: R.M.S. Wilson
2nd Edition
0412436205, 978-0412436208
