{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}


WendyEller2-WebFieldTrip-Unit3 - of accounts in our...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Class, The professor has asked us to answer the following questions: 1) Why do I agree or disagree with the ABA’s explanation of why a standard chart of  accounts is helpful? I agree that the ABA’s explanation of why a standard chart of accounts is helpful is  accurate. I feel businesses do need this standard information to compare themselves to  other businesses. I think managers need this information to make sound decisions about  their company. 2) What differences, if any, did I see in the ABA”s standard chart of accounts and the chart 
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: of accounts in our textbook, exhibit 2? The ABA’s standard chart of accounts has a lot more accounts listed. It also is not numbered representing assets, liabilities, owner’s equity, revenue, and expenses, etc. It is also not numbered to show its location of the account within its class. The chart within our book is much more simplified, compared to the ABA’s standard chart of accounts. Wendy Eller...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online