A Numbering System for a Chart of Accounts

question 83

Multiple Choice

A numbering system for a chart of accounts

• A) is prescribed by GAAP.
• B) is uniform for all businesses.
• C) usually starts with income statement accounts.
• D) usually starts with balance sheet accounts.

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Definitions:

360-degree Feedback

A comprehensive appraisal system where employees receive confidential and anonymous feedback from those who work around them, including peers, direct reports, and supervisors.

Provision Of Explanations

The act of giving reasons, justifications, or clarifications about an event, decision, or process to enhance understanding.

Grapevine

An informal communication channel within an organization, where information is spread quickly among employees without official sanction.

Word Of Mouth

The process of passing information from person to person by oral communication, especially recommendations and experiences.