The chart of accounts for a manufacturing corporation would include
A)retained earnings.
B)common stock.
C)raw materials inventory.
D)all of the above

Question

Quizplus · Accepted Answer

The chart of accounts for a manufacturing corporation would include not only the equity accounts (retained earnings and common stock) but also asset accounts such as raw materials inventory, work in process inventory, finished goods inventory, accounts receivable, property plant and equipment, etc. Therefore, choice D (all of the above) is the best answer.

The Chart of Accounts for a Manufacturing Corporation Would Include