When adding a new expense account between accounts numbered 510 and 520, the new account is assigned the account number 515.

Name: When adding a new expense account between accounts numbered 510 and 520, the new account is assigned the account number 515.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

In accounting, accounts are often numbered using a systematic approach, and when adding a new account between two existing accounts, a number that falls between the existing accounts' numbers is chosen, hence 515 is appropriate between 510 and 520.

When Adding a New Expense Account Between Accounts Numbered 510