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.
Correct Answer:

Verified
Correct Answer:
Verified
Q61: Anya Smith started Geek Speak, a computer
Q62: Any event that has a financial impact
Q63: Golden Company had a balance of $40,000
Q67: The Diamond Store began business on June
Q68: An important rule of debits and credits
Q69: A company paid cash for an amount
Q70: Revenues and expenses are specialized stockholders' equity
Q71: Every transaction has two sides-you give something
Q125: A bookkeeper posted the same journal entry
Q190: What is the last step in the