Based on the example in the text,an account number of 13 would most likely represent which of the following accounts?
A) Accounts payable
B) Accrued taxes
C) Insurance expense
D) Accounts receivable

Question

Quizplus · Accepted Answer

In accounting, account numbers are often used to categorize different types of accounts. Typically, lower numbers are used for assets, and accounts receivable is an asset account. Therefore, an account number like 13 would likely represent an asset such as accounts receivable.

Based on the Example in the Text,an Account Number of 13