When looking at a chart of accounts, it is reasonable to assume 1 the numbering system starts with the balance sheet acc

[answerhappygod]

When looking at a chart of accounts, it is reasonable to
assume
1 the numbering system starts with the balance sheet accounts
and follows with the income statement accounts.
2 the fewer accounts listed on the chart of accounts, the larger
the size of the company.
3 the owner’s equity accounts are not included in the chart
because they do not impact financial statements.
4 the asset and liability accounts have higher numbers than the
revenue and expense accounts.