Join the IDNLearn.com community and start getting the answers you need today. Ask anything and receive prompt, well-informed answers from our community of knowledgeable experts.
Answer:
Reducing the Chart of Accounts It may be possible to drastically shrink the number of expense accounts in use. In particular, consider using just the following mega-accounts: Direct costs. This account will probably contain the cost of materials and supplies used in the production process, as well as freight costs, and not a great deal more.
Explanation: