Question

The chart of accounts is designed to
A) alphabetized the accounts to make reading easier for its financial statement users
B) summarize the transactions and determine their ending balances
C) meet the information needs of a company and other financial statement users
D) analyse the accounts and organize them in order of dollar amount to simplify the accounting information for users

Answer 1

c is the right ans ..

Answer 2

hey mate,
C) meet the information needs of a company and other financial statement users...... is the correct option...

thanks....
nice to help you