About Chart of Accounts

Following are some of the multiple choice questions on the Chart of Accounts with answers that will help the students in developing their knowledge.

Chart of Accounts MCQ

1. Which of the following best describes the operative chart of accounts?

  • Use to enable companies to meet special
  • Country-specific reporting requirements
  • Contains only accounts receivable transaction
  • used by multiple companies to consolidate their financialreporting
  • Both (a) & (b)

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