A Numbering System for a Chart of Accounts

question 190

Multiple Choice

A numbering system for a chart of accounts

• A) includes dollar amounts.
• B) is uniform for all businesses.
• C) usually starts with liabilities.
• D) usually starts with assets.

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Definitions:

Sales Contract

A contract for the sale of goods under which the ownership of goods is transferred from a seller to a buyer for a price.

Shipment

The process of transporting goods from one location to another, often involving multiple carriers or modes of transport.

Special Business Standards

Specific codes of conduct, practices, and operational benchmarks set for businesses in certain sectors to enhance quality, safety, and ethics.

Commercial Expertise

Specialized knowledge or skills in the field of commerce, including areas like marketing, finance, and international trade.