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Does the account number affect the way financial statements are subtotaled?

April 26, 2017account affect financial statements

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Does the account number affect the way financial statements are subtotaled?

1 Answer

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10 Posted

The account number doesn’t affect subtotaling on financial statements. Financials use the account class (i.e., asset, liability, etc.), and sub-class (i.e., current assets, etc.) to make sub-totals. However, accounts are sorted by account number within these groups.