Which of the following is false about the chart of accounts?a. The ordering within assets in the chart of accounts represents therelative ease with which each could be converted into cash.b. The ordering within liabilities in the chart of accounts represents thetiming of repayment.c. The ordering within assets in the chart of accounts represents theliquidity of assets.d. The chart of accounts is designed to distinguish assets and liabilitiesthat are the result of modified cash-basis accounting from those thatare the result of the cost method of accounting