Chart of Accounts

Assets

• 100

• 200

• 300

• 400

• 500

Revenues

• 100

• 200

• 300

• 400

• 500

Owner's Equity

• 100

• 200

• 300

• 400

• 500

Expenses

• 100

• 200

• 300

• 400

• 500

Liabilities

• 100

• 200

• 300

• 400

• 500

Which asset account should be listed first because it is the most frequently used account?

• Cash

• Accounts Reeceivable

• Supplies

• Prepaid Insurance

Which of the following accounts should be listed first in the Expenses section?

• Miscellaneous Expense

• Rent Expense

• Advertising Expense

• Utilities Expense

If you need to add a new account to an existing chart of accounts between account numbers 510 and 520 you should use....

• 511

• 515

• 519

• 525

The order of the COA for Payables and Expenses....

• Random

• Alphabetical

• Frequency of Use

• Who Cares

The Chart of Accounts numbering system is organized by...

• Random

• Chronological

• Account Classification