Multiple choice technology packaged enterprise solutions

With reference to naming convention of GL accounts, what should be the range of first digit for balance sheet and P&L accounts in Kraft APAC Catalyst model

  1. B.S. 1-4 and P&L 6-9

  2. B.S. 6-9 and P&L 1-4

  3. B.S. 1-4 and P&L 4-9

  4. B.S. 4-9 and P&L 1-4
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In the Kraft APAC Catalyst model, Balance Sheet accounts use first digits 6-9, while P&L accounts use first digits 1-4. This naming convention helps distinguish between asset/liability accounts (BS) and revenue/expense accounts (P&L) in the GL account numbering system. Option A has the ranges reversed.

Keep practicing — related questions