The Ordering of Accounts in a Trial Balance Typically Follows

question 223

True/False

The ordering of accounts in a trial balance typically follows their identification number from the chart of accounts,that is,assets first,then liabilities,then common stock and dividends,followed by revenues and expenses.

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Definitions:

Chemical Reaction

A process that involves rearrangement of the molecular or ionic structure of a substance, as opposed to a change in physical form or a nuclear reaction.

Constant Pressure

A condition or process in which the pressure remains unchanged over time.

Equilibrium

A state in which opposing forces or influences are balanced, often referring to chemical reactions reaching a state where the rates of the forward and reverse reactions are equal.

Products

The substances that result from a chemical reaction.