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Ch 2 Homework Guidance A six-digit code (represented by letters ABCDEF ) is sufficient to meet SDCs needs: A This digit identifies the B This
Ch 2 Homework Guidance
A six-digit code (represented by letters ABCDEF) is sufficient to meet SDCs needs:
A This digit identifies the
B This digit represents major account types such as
C This digit represents the major classification within account type:
- For balance sheet accounts, this represents specific sub-categories such as
- For expense and revenue accounts, this digit represents the
D This digit represents specific accounts or cost centers:
- For balance sheet accounts, this is the
- For expense accounts, this is the
EF These two digits represent the subsidiary accounts and natural expense categories:
- For expense accounts, these represent the...
- For the balance sheet, these two digits represent the
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