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Account Type
Account Type
A one-position numeric code that specifies the account classification type of each account in the Account/ Center Master File. Valid codes are:
1 - Assets, including evaluation accounts such estimated bad debts and accumulated depreciation
2 - Liability and net worth accounts, except year-to-date retained earnings
3 - Year-to-date retained earnings
4 - Revenues
5 - Expenses
6 - Suspense