A Company's Chart of Accounts Is Block Coded and Contains

question 20

Multiple Choice

A company's chart of accounts is block coded and contains the following information: Accounts payable (201) , Wages payable (204) , Interest payable (207) . The account number for "accounts receivable" is therefore likely to be:

• A) 302.
• B) 211.
• C) 202.
• D) 102.

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Definitions:

Somat/o

A prefix related to the body, often used in medical terms.

Body

The physical structure of a person or organism, including the bones, muscles, and organs.

Adenoma

A type of noncancerous (benign) tumor that originates in the glandular tissue.

Gland

An organ in the human or animal body that secretes particular chemical substances for use in the body or for discharge into the surroundings.