Gemini Co. is a newly organized business with a list of accounts arranged in alphabetical order below
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Gemini Co. is a newly organized business with a list of accounts arranged in alphabetical order below
Construct a chart of accounts, assigning account numbers and arranging the accounts in balance sheet and income statement order, as illustrated in Exhibit 6. Each account number is three digits: the first digit is to indicate the major classification (" 1 " for assets, and so on); the second digit is to indicate the subclassification ("11" for current assets, and so on); and the third digit is to identify the specific account ("110" for Cash, and so on).obj. 3
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Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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