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Which of the following statements is FALSE? A chart of accounts must be developed before beginning the financial statement process. A chart of accounts uses
Which of the following statements is FALSE? A chart of accounts must be developed before beginning the financial statement process. A chart of accounts uses an industrymandated coding system to classify accounts. The chart of accounts makes creating financial statements possible. The chart of accounts is a classification scheme to organize and summarize data. 
Which of the following statements is FALSE?
A chart of accounts must be developed before beginning the financial
statement process.
A chart of accounts uses an industrymandated coding system to classify
accounts.
The chart of accounts makes creating financial statements possible.
The chart of accounts is a classification scheme to organize and summarize
data.
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