The chart of accounts:
A) is a numbered list of all of the business's accounts.
B) allows accounts to be located quickly.
C) can be expanded as the business grows.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

The chart of accounts is indeed a numbered list of a business's accounts, facilitating quick location of accounts and allowing for expansion as the business grows, making all of the provided options correct.

The Chart of Accounts