Consider the GL Account Number "1122

question 43

Short Answer

Consider the GL account number "1122".From right to left, where each successive digit's rank order is subordinate to the rank to the left is known as _________________________ coding.

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Definitions:

Revenue Recognition

Refers to the criteria or guidelines used by a company to recognize revenue in its financial statements, ensuring revenue is recorded when earned.

Criterion

A principle or standard by which something may be judged or decided.

Farming

The practice of cultivating land, raising crops, and/or keeping animals to produce food and other agricultural products.

Mining

The extraction of valuable minerals or other geological materials from the Earth, often from an ore body, lode, vein, seam, or reef.