Which of the Following Is a Correct Numbering System for a Chart

question 66

Multiple Choice

Which of the following is a correct numbering system for a chart of accounts?

• A) Office supplies is numbered 0145.
• B) Notes payable is numbered 20.
• C) Advertising expense is numbered 877.
• D) Interest revenue is not given an account number because it is not used on a monthly basis.

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Definitions:

Convention Attendees

Individuals who participate in or attend conferences, conventions, and trade shows related to specific industries or interests.

Special Discount

A temporary reduction in the price of goods or services, often used as a promotional tactic to increase sales.

Facilitating Relationships

Efforts made by businesses to support and enhance interactions among consumers, suppliers, and other partners for mutual benefit.

Marketing Department

A division of a business focused on marketing strategies, branding, and product promotion to drive sales and enhance brand recognition.