The accounts in the chart of accounts are arranged in
A) alphabetical order.
B) numerical order.
C) chronological order.
D) the order they are created.

Question

Quizplus · Accepted Answer

The accounts in the chart of accounts are typically arranged in numerical order to make it easier for users to locate specific accounts and to maintain a consistent and logical order throughout the chart. Alphabetic order is not used as it can result in similar accounts being listed far apart from each other, while chronological order and order of creation could be arbitrary and not useful for accounting purposes.

The Accounts in the Chart of Accounts Are Arranged in