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Get the Most from Your Chart of Accounts
When a company required more accounts, it was common to assign sub- accounts labeled 100-1, 100-2, 100-3, etc., creating the possibility of 100 accounts for an account type.
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Chart of Accounts Article - Executive Education, Inc
executiveeducationinc.comWhen a company required more accounts, it was common to assign sub-accounts labeled 100-1, 100-2, 100-3, etc., creating the possibility of 100 accounts for an account type. In practice, financial managers discouraged the addition and proliferation of accounts.
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Chart of Accounts Article - Executive Education, Inc
executiveeducationinc.comWhen a company required more accounts, it was common to assign sub-accounts labeled 100-1, 100-2, 100-3, etc., creating the possibility of 100 accounts for an account type. In practice, financial managers discouraged the addition and proliferation of accounts.
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