The Accountant for a New Company Is Establishing the Chart

question 35

Multiple Choice

The accountant for a new company is establishing the chart of accounts for the company based on the accounts he expects to be used. He has decided to use a three digit account number with each account type starting with a different number. Which of the following numbers would you expect the Asset range to begin with?

• A)900
• B)700
• C)300
• D)200
• E)100

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Definitions:

Commenting Mechanisms

Features or tools that allow users to leave feedback, opinions, or questions on digital content, enhancing interaction and engagement.

IM

Short for Instant Messaging, a type of online communication service that enables users to send text messages in real-time.

Nonverbal Cues

Communication without words, conveyed through body language, facial expressions, gestures, and posture.

Time and Space

Concepts referring to the dimensions in which events occur and are perceived, often considered in planning and design.