What Is the Number Range of a Basic ACL

question 190

Multiple Choice

What is the number range of a basic ACL?

• A) 2000-2999
• B) 3000-3999
• C) 4000-4999
• D) 6000-6031

---

Definitions:

Account Numbers

Unique identifiers assigned to individual accounts in an organization's chart of accounts, facilitating accurate recording, classification, and reporting of financial transactions.

Normal Credit Balances

Accounts with a credit balance as expected in the accounting equation; for instance, liabilities, equity, and revenue accounts normally have credit balances.

Revenues

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Net Income

The total profit of a company after all operating expenses, taxes, and interest are deducted from total revenue.