Which of the following should be considered when designing a coding scheme for a chart of accounts?
A. Which internal reports will be required?
B. Is there a need for segmental reporting?
C. Both a. and b.
D. Neither a. nor b.
Answer: C
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a. employees b. sub-contractors c. customers d. trespassers
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a. True b. False
Suretyship refers to a creditor using collateral when extending credit
Indicate whether the statement is true or false