Chart of Accounts Flashcards
1
Q
Chartfield that is a six digit value and is required for all transactions
A
Account code
2
Q
Account code that starts with 1xxxxx represents:
A
Asset
3
Q
Account code that starts with 2xxxxx represents:
A
Liability
4
Q
Account code that starts with 3xxxxx represents:
A
Equity
5
Q
Account code that starts with 4xxxxx represents:
A
Revenue
6
Q
Account code that starts with 5xxxxx represents:
A
Expense
7
Q
Account code that starts with 8xxxxx represents:
A
Other sources/uses
