The account numbers from the chart of accounts are
A)not allowed to be used to prepare journal entries; account names must be used.
B)allowed to be used to prepare journal entries.
C)allowed to be used to prepare journal entries if an organization has 100 or more account numbers.
D)allowed to be used to prepare journal entries if an organization has $1 million or more in total revenues.
E)allowed to be used to prepare journal entries if an organization also uses the account numbers in financial statements prepared for investors and creditors.

Question

Quizplus · Accepted Answer

Account numbers from the chart of accounts are allowed to be used to prepare journal entries. This helps streamline the process of recording transactions and ensures consistency in the use of accounts.

The Account Numbers from the Chart of Accounts Are