The coding system typically used in the general ledger chart of accounts is:
A) serial coding
B) hierarchical coding
C) block coding
D) mnemonic coding

Question

Quizplus · Accepted Answer

Hierarchical coding is the coding system typically used in the general ledger chart of accounts. In this system, numbers are assigned to each account based on its category and subcategory, creating a hierarchical structure that allows for easy organization and analysis of financial data. Other coding systems like serial coding, block coding, and mnemonic coding may be used in other contexts, but they are not typically used in the general ledger chart of accounts.

The Coding System Typically Used in the General Ledger Chart