Multiple Choice
The account numbers from the chart of accounts are
A) not allowed to be used to prepare journal entries; account names must be used.
B) allowed to be used to prepare journal entries.
C) allowed to be used to prepare journal entries if an organization has 100 or more account numbers.
D) allowed to be used to prepare journal entries if an organization has $1 million or more in total revenues.
E) allowed to be used to prepare journal entries if an organization also uses the account numbers in financial statements prepared for investors and creditors.
Correct Answer:
Verified
Correct Answer:
Verified
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