Question:What is the standard number system for a chart of accounts?
A 1 revenue, 2 expenses, 3 assets, 4 liabilities, 5 equity
B 1 equity, 2 expenses, 3 revenue, 4 liabilities, 5 assets
C 1 assets, 2 liabilities, 3 equity, 4 revenue, 5 expenses
D 1 liabilities, 2 assets, 3 expenses, 4 revenue, 5 equity
+ AnswerD
+ Explanation
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