The Usual Ordering of Accounts in the General Ledger Is

question 7

Multiple Choice

The usual ordering of accounts in the general ledger is

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

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Definitions:

Reference Variable

A variable that holds the address of an object, allowing for the indirect manipulation of the object itself.

Private Method

A private method is a function in object-oriented programming that can only be accessed or called within the class in which it is declared, enhancing encapsulation.

Legal Statement

A command or declaration in programming that follows the syntax rules of the language and can be executed or evaluated by the compiler or interpreter.

Public Methods

Functions within a class that are accessible from other classes and can be called from any instance of the class or directly from the class.