The first digit in the account number 520 means that the account is in the
A) expense division of the general ledger.
B) revenue division of the general ledger.
C) liability division of the general ledger.
D) asset division of the general ledger.
Correct Answer:
Verified
Q16: A group of accounts is called a
Q17: The only use for the Post. Ref.
Q18: With the exception of the total lines,
Q19: When adding a new expense account between
Q20: Errors discovered after an entry is posted
Q22: When accounts are arranged in a general
Q23: The procedure for transferring information from a
Q24: The last step in the posting procedure
Q25: The second step in the posting procedure
Q26: An account number in the journal's Post.
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