When Setting Up the Numbering System for a Company's Chart

question 160

Multiple Choice

When setting up the numbering system for a company's chart of accounts:

• A) the account numbers generally have four or more digits.
• B) asset accounts will begin with the number 5.
• C) revenue accounts will begin with the number 4.
• D) there cannot be a gap between account numbers.

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Definitions:

Economic Forces

Factors that influence the direction of economic activities and trends, such as supply and demand, inflation, and employment levels.

Nonmedia Social Factors

Influences on society and individuals that originate outside of media sources, such as family, education, and socio-economic status.

Sociologists

Experts who study social behavior, society, patterns of social relationships, social interaction, and culture.

Mass Media

Forms of communication designed to reach large audiences through mediums like television, radio, newspapers, and the internet.