To be effective,the chart of accounts must
A)be as concise as possible.
B)contain only five account categories.
C)limit account codes to 10 digits or less.
D)contain sufficient detail to meet the information needs of the specific organization's AIS.

Question

Quizplus · Accepted Answer

The chart of accounts should provide enough detail to meet the information needs of the specific organization's AIS. It should not be too concise or limited to only a few categories. The length of account codes may vary depending on the complexity of the organization.

To Be Effective,the Chart of Accounts Must