Choose answer and explain

1. A company code may be assigned as many charts of accounts as it requires

A. True

B. False

2. Goods or material that are purchased for later resale are known as

A. Trade goods

B. Raw materials

C. Sale goods

D. Finished goods

3. When goods are received into the warehouse, they can be posted to which stock types?

A. Blocked stock

B. Stock in quality inspection

C. Unrestricted-use stock

D. Any of the above stock types