Solved

When Setting Up the Numbering System for a Company's Chart

Question 163

Multiple Choice

When setting up the numbering system for a company's chart of accounts:


A) the account numbers generally have four or more digits.
B) asset accounts will begin with the number 5.
C) revenue accounts will begin with the number 4.
D) there cannot be a gap between account numbers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents