Multiple Choice
Account names in the chart of accounts are:
A) general purpose and do not indicate the nature of the account.
B) not consistent in their use throughout the records.
C) linked to account numbers.
D) the names mandated for use by the FASB.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: What is the amount of the total
Q38: Conservatism is<br>A)the requirement that businesses should intentionally
Q48: A company purchases $23,000 of supplies in
Q92: The amount of Total Current Assets that
Q93: Each account is assigned a number and
Q98: A company signed an agreement to rent
Q99: In a T-account, debits appear in what
Q101: How many of the following statements regarding
Q127: The current ratio can be used to
Q142: Which of the following would decrease stockholders'