The number and types of accounts used by different business enterprises are the same if generally accepted accounting principles are being followed by the enterprises.

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Quizplus · Accepted Answer

The number and types of accounts used by different business enterprises can vary depending on the nature of their operations, size, and other factors. While there are certain standard categories of accounts outlined in generally accepted accounting principles (GAAP), the specific accounts used within those categories can differ from company to company.

The Number and Types of Accounts Used by Different Business