In Which Order Are the Accounts Listed in the Chart

question 205

Multiple Choice

In which order are the accounts listed in the chart of accounts?

• A) assets, expenses, liabilities, owner's equity, revenues
• B) owner's equity, assets, liabilities, revenues, expenses
• C) assets, liabilities, owner's equity, revenues, expenses
• D) assets, liabilities, revenues, expenses, owner's equity

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Definitions:

Guidelines

Set of principles or instructions designed to inform how something should be done or what actions should be taken in specific situations.

Persuasive Message

A form of communication specifically designed to influence or convince the audience to accept a particular perspective, belief, or action.

Persuasive Message

A type of communication aimed at influencing the attitudes, beliefs, or behaviors of others through factual evidence and logical arguments.

Supplier Obligations

The responsibilities and duties a supplier has towards their customers, such as providing products or services that meet agreed-upon standards.