A Well-Designed Chart of Accounts Will

question 8

Multiple Choice

A well-designed chart of accounts will:

• A)support key reporting requirements while minimising or even eliminating data entry error
• B)support diverse reporting requirements while maintaining an acceptably low data entry error rate
• C)contain more digits in general ledger account number
• D)not include an indicator for every possible dimension that the transaction may conceivably need to be reported on

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Definitions:

Communication Style

The manner or approach used to convey messages to others, including verbal and non-verbal methods.

Sociability

The quality of being inclined to seek out social interactions and enjoy the company of others.

Dominance

The power and influence one individual or group has over another, often used in the context of social hierarchies.

Supportive Style

A manner of interaction that provides encouragement, feedback, and assistance in a positive way.