The Chart of Accounts Classifies the Accounts to Make Identification

question 149

Essay

The chart of accounts classifies the accounts to make identification of the accounts easier. Describe the numbering system businesses use in setting up the chart of accounts.

---

Definitions:

Scientific Enterprise

The organized and systematic inquiry into natural phenomena and the quest for knowledge through experimentation and observation, leading to an understanding of the natural world.

Delivering Shock

Administering an electrical shock to an individual or animal, often used in psychological experiments to study behavior.

Obedience

Obedience refers to compliance with commands given by an authority figure, often studied in psychology to understand the extent and limits of social influence over behavior.

Orders Over The Telephone

A process where customers or clients place orders for products or services by speaking directly to a supplier or service provider over the phone.