NTR Corporation has offices in both Los Angeles and San Francisco.In the Los Angeles office, the account number for cash is 001.101.In San Francisco, the account number for cash is 002.101.Which of the following statements is most true?
A)NTR uses sequential coding for its chart of accounts.
B)One of the offices should change its account number for cash to promote consistency and efficiency.
C)The first set of digits denotes the office.
D)The second set of digits denotes the office.

Question

Quizplus · Accepted Answer

The fact that the first set of digits is different for each office indicates that it denotes the office. This is known as block coding, where a specific block of digits is used to signify a certain category or location within the chart of accounts.

NTR Corporation Has Offices in Both Los Angeles and San