Typically, the chart of accounts begins with
A) revenue accounts.
B) asset accounts.
C) liability accounts.
D) expense accounts.

Name: Typically, the chart of accounts begins with A) revenue accounts. B) asset accounts. C) liability accounts. D) expense accounts.
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Question

Quizplus · Accepted Answer

The chart of accounts typically begins with asset accounts because they represent the resources owned by the company. Revenue accounts, liability accounts, and expense accounts are typically listed after the asset accounts.

Typically, the Chart of Accounts Begins with