Which of the following most completely describes businesses that use a chart of accounts?
A)service but not merchandising or manufacturing businesses
B)merchandising but not service or manufacturing businesses
C)manufacturing but not service or merchandising businesses
D)Service, merchandising, and manufacturing businesses all use a chart of accounts.

Question

Quizplus · Accepted Answer

A chart of accounts is a tool used by businesses of all types, including service, merchandising, and manufacturing businesses, to organize their financial transactions and accounts systematically. It is not exclusive to any one type of business.

Which of the Following Most Completely Describes Businesses That Use