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14-07-2021
Business

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A chart of accounts for a merchandising business a.usually is standardized by the FASB for all merchandising businesses b.usually is the same as the chart of accounts for a service business c.always uses a three-digit numbering system d.usually requires more accounts than does the chart of accounts for a service business

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anthougo anthougo

15-07-2021

Answer:

A chart of accounts for a merchandising business

d. usually requires more accounts than does the chart of accounts for a service business.

Explanation:

A merchandising business will require many accounts to account for inventory movements, costs, and revenue from the sale of inventory. These accounts are not applicable to a service business. Therefore, the chart of accounts for a service business will not require many accounts.

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