_____ are the categories to which various costs are charged in the normal financial accounting cycle.
A) Natural accounts
B) Live accounts
C) Functional accounts
D) Defined accounts
E) Normal accounts

Question

Quizplus · Accepted Answer

Natural accounts are the categories to which various costs are charged in the normal financial accounting cycle. They are used to classify expenses and revenues by their natural characteristics, such as salaries, rent, utilities, and supplies.

_____ Are the Categories to Which Various Costs Are Charged