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Mashcka [7]
3 years ago
15

Which of the following is not true concerning account titles:multiple choiceThere is a wide range of account titles among differ

ent types of companies.All companies use exactly the same account titles.There is a small range in account titles regardless of type of company.All companies use different account titles.
Business
1 answer:
astra-53 [7]3 years ago
5 0

Answer:

There is a wide range of account titles among different types of companies

Explanation:

An account title can be regarded as a

unique name that is been assigned or associated to particular account in an accounting system. It is very crucial to use An account title when there is a need for identification of accounts by

accounting staff , this is because the title usually conveys the purpose of that particular account. Some of the account titles that can be used are;

Cash on Hand, Petty Cash Fund, and

Cash in Bank,. In account titles;

✓All companies use exactly the same account titles.

✓There is a small range in account titles regardless of type of company.

✓All companies use different account titles.

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