Question

You plan to number each account in your chart of accounts you want to have major categories and two levels of sub categories each level of category will be represented by a digit you want to have a room in your numbering for at least 10 accounts within the lowest level of subcategories how many digits do you need in your account numbers

Answer 1

umm then u will have 5 account left

Answer 2

To accommodate at least 10 accounts within the lowest level of subcategories, you would need three digits in your account numbers.

Step-by-step explanation:

In the context of numbering accounts in a chart of accounts, the process involves creating a hierarchical structure with major categories and two levels of subcategories. Each level of the category is represented by a digit. To ensure sufficient room for at least 10 accounts within the lowest level of subcategories, you need to have three digits for that level.

The first digit represents the major category, the second digit represents the first level of subcategory, and the third digit allows for the second level of subcategory. With three digits, you can have numbers ranging from 001 to 999, providing room for at least 10 accounts in the lowest level of subcategories.