What is the importance of the chart of? accounts? Select all that apply. A. The

Question

What is the importance of the chart of? accounts? Select all that apply. A. The chart of accounts displays the cost of manufacturing and selling. B. The chart of accounts aims to get a sense of the financial health of an organisation by separating and displaying all of the accounts. C. The chart of accounts provides the profits gained from trading shares. D. The chart of accounts is important as a business grows because it would be easy to access the information from all accounts in one document. What is the importance of the chart of? accounts? Select all that apply. A. The chart of accounts displays the cost of manufacturing and selling. B. The chart of accounts aims to get a sense of the financial health of an organisation by separating and displaying all of the accounts. C. The chart of accounts provides the profits gained from trading shares. D. The chart of accounts is important as a business grows because it would be easy to access the information from all accounts in one document. What is the importance of the chart of? accounts? Select all that apply. A. The chart of accounts displays the cost of manufacturing and selling. B. The chart of accounts aims to get a sense of the financial health of an organisation by separating and displaying all of the accounts. C. The chart of accounts provides the profits gained from trading shares. D. The chart of accounts is important as a business grows because it would be easy to access the information from all accounts in one document.

Explanation / Answer

The chart of accounts aims to get a sense of the financial health of an organisation by separating and displaying all of the accounts. Option B is correct

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