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Why would be helpful to use systematic and rational account

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Question 1: When setting up GL accounting coding in an accounting information system, why would it be helpful to use a systematic and rational account coding structure e.g. 4,000 series for assets, 5,000 series for liabilities? Why would it be better to use 4 digits (i.e. 1,000's) in the coding vs only 3 digits?

Reference no: EM132648492

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