An organization chart in a manufacturing company replaces the chart of accounts.

Question

Quizplus · Accepted Answer

An organization chart and a chart of accounts serve different purposes. An organization chart defines the structure and hierarchy of a company, while a chart of accounts is a list of all the accounts used by the company to record financial transactions. Both are important for a manufacturing company, but they serve different functions and do not replace each other.

An Organization Chart in a Manufacturing Company Replaces the Chart