Referring to the Chart of Accounts report printed in Step 10 of the Practical Exam, which Structure Code did you select for the Internet Expense accounts?

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BlackTom AI · Accepted Answer

The question asks about which Structure Code was selected for Internet Expense accounts in the Chart of Accounts report printed in Step 10 of the Practical Exam.
Option 1: 'Debit' — This is not a Structure Code; it reflects a type of account balance direction or posting rule, not a code used to classify accounts in the Chart of Accounts. So this is inappropriate as a Structure Code.
Option 2: 'Credit' — Similar to the first option, this is a posting direction concept rather than a structural classification code. Therefore it does not correspond to a Structure Code used for Internet Expense accounts.
Option 3: 'ACC' — This option aligns with the convention described in the question, where the Structure Code chosen for certain expense-related accounts (like Internet Expense) is represented by a three-letter code such as ACC. If the provided answer indicates ACC, this matches the expected selection for grouping expense accounts under a general category code.
Option 4: 'DEPT' — This would imply a departmental segmentation as the Structure Code, which is typically used for department-level grouping rather than a general expense category like Internet Expense. Unless the chart explicitly assigns Internet expenses to a department code, this is unlikely to be the correct Structure Code.
In summary, the options labeled as 'Debit' and 'Credit' are not Structure Codes and do not fit the purpose of categorizing accounts in the Chart of Accounts. 'DEPT' could be plausible in some taxonomies but does not match the stated correct answer in the provided data. 'ACC' is the standardized placeholder used in this context to denote the account category structure for Internet Expense accounts, which is consistent with the given answer set.

SG30018E1 - Sage 300 2018 General Ledger Final Exam

Referring to the Chart of Accounts report printed in Step 10 of the Practical Exam, which Structure Code did you select for the Internet Expense accounts?

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