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Which of the following is true regarding the Chart of Accounts? 1-There is a one-size fits all approach with the Chart of Accounts. 2-Changes cannot

Which of the following is true regarding the Chart of Accounts?

1-There is a one-size fits all approach with the Chart of Accounts.

2-Changes cannot be made to the Chart of Accounts

3-Each account is assigned a type and a detailed type

4-All of the above.

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