In which order are the accounts listed in the chart of accounts?
a. assets, expenses, liabilities, owner's equity, revenues
b. owner's equity, assets, liabilities, revenues, expenses
c. assets, liabilities, owner's equity, revenues, expenses
d. assets, liabilities, revenues, expenses, owner's equity
Question 2
The actual costs of all individual overhead categories are recorded in the Manufacturing Overhead Control account.
Indicate whether this statement is true or false.
