The Usual Ordering of Accounts in the General Ledger Is

question 140

Multiple Choice

The usual ordering of accounts in the general ledger is

• A)assets, liabilities, stockholders' equity, revenues, and expenses.
• B)assets, liabilities, stockholders' equity, expenses, and revenues.
• C)liabilities, assets, stockholders' equity, revenues, and expenses.
• D)stockholders' equity, assets, liabilities, expenses, and revenues.

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Definitions:

Soviet Union

A former federal socialist state in northern Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR).

Resource Market

A market in which households sell and firms buy resources or the services of resources.

Financial Capital

Refers to the funds provided by lenders (and investors) to businesses to purchase real capital equipment for producing goods/services.