The Numbering System Used in a Company's Chart of Accounts

question 163

Multiple Choice

The numbering system used in a company's chart of accounts:

• A) Typically begins with balance sheet accounts.
• B) Is the same for all companies.
• C) Is determined by generally accepted accounting principles.
• D) Typically begins with income statement accounts.
• E) Depends on the source documents used in the accounting process.

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Definitions:

Transference

In psychoanalysis, the process by which patients project feelings and attitudes from a person or situation in the past onto a person or situation in the present, often the therapist.

Psychodynamic

Pertains to a psychological perspective that emphasizes the influence of the unconscious mind on behavior, drawing heavily on psychoanalytic theories.

Humanistic-existential

A psychological approach focusing on individual experience, personal freedom, and choice, emphasizing the search for meaning and self-actualization.

Cognitive

Relating to mental processes such as awareness, perception, reasoning, and judgement.