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:

Amygdala

A region of the brain's temporal lobe involved in processing emotions such as fear, anger, and pleasure.

Extraversion

A personality trait typified by outgoing, energetic, and sociable behaviors.

Gregariousness

The quality of being sociable, outgoing, and enjoying the company of others.

Assertiveness

The quality of being self-assured and confident without being aggressive, in expressing one’s needs and opinions.