Ch 2 Homework Guidance

A six-digit code (represented by letters ABCDEF) is sufficient to meet SDCs needs:

A This digit identifies the

B This digit represents major account types such as

C This digit represents the major classification within account type:

• For balance sheet accounts, this represents specific sub-categories such as
• For expense and revenue accounts, this digit represents the

D This digit represents specific accounts or cost centers:

• For balance sheet accounts, this is the
• For expense accounts, this is the

EF These two digits represent the subsidiary accounts and natural expense categories:

• For expense accounts, these represent the...

• For the balance sheet, these two digits represent the