To Be Effective,the Chart of Accounts Must

question 77

Multiple Choice

To be effective,the chart of accounts must

• A)not use alpha-numeric characters.
• B)contain sufficient detail.
• C)utilize only one coding technique.
• D)begin with account 001.

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Definitions:

Prefix

A word, letter, or number placed before another.

Root

The part of a plant that typically lies below the surface of the soil, anchoring the plant and absorbing water and nutrients.

Suffix

An affix placed at the end of words to alter their meaning or create new words.

Prefix

A group of letters added at the beginning of a word to modify its meaning, such as 'un-' in 'unhappy'.