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An owner's withdrawals are classified as an expense.

An owner's withdrawals are classified as an expense.



True or false:
1.	All companies use the same standard set of accounts.


	2.	The accounts in a chart of accounts are normally listed in alphabetical order.


	3.	The numbering scheme of a chart of accounts should contain no gaps.


	4.	Wages payable is a type of expense.



	5.	An owner's withdrawals are classified as an expense.



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30 May 2016

Answers (1)

  1. Genius

    An owner's withdrawals are classified as an expense.

    An owner's withdrawals are classified as an expense.An owner's ****** ******
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