The Numbering System Used in a Company's Chart of Accounts

question 18

Multiple Choice

The numbering system used in a company's chart of accounts:

• A) Is the same for all companies.
• B) Is determined by generally accepted accounting principles.
• C) Depends on the source documents used in the accounting process.
• D) Typically begins with balance sheet accounts.
• E) Typically begins with income statement accounts.

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Definitions:

Neuroticism

A personality trait characterized by moodiness, anxiety, and emotional instability.

Social Desirability

The behavior of those answering questions to do so in a manner they assume will generate favorable opinions from others.

Distinctiveness

A principle suggesting that an event or object is memorable or noticeable because it differs significantly from other events or objects.

Consistency

The principle of maintaining the same attitudes, beliefs, and behaviors over time, which contributes to the predictability and stability of one's actions.