An account number of 13 would represent which of the following accounts?
A) Accounts payable
B) Accrued taxes
C) Insurance expense
D) Accounts receivable

Question

Quizplus · Accepted Answer

An account number of 13 is typically used for Accounts Receivable, as it falls under the category of current assets. Accounts payable (often abbreviated as A/P) are typically assigned account numbers in the 200s or 300s, while accrued taxes may be assigned account numbers in the 900s as they are usually classified as expenses or liabilities. Insurance expense also falls under the category of expenses and may be assigned an account number in the 600s or 700s.

An Account Number of 13 Would Represent Which of the Following