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:

Simple Sentences

A grammatical structure consisting of a subject and a predicate, typically expressing a complete thought.

Prohibitions

Rules or laws that forbid specific actions, substances, or behaviors.

Proper Nouns

Names used for individual people, places, organizations, or specific entities, distinguished from common nouns by being capitalized.

Infant-Directed Speech

A type of speech characterized by a higher pitch, slower rate, and exaggerated intonation patterns, used by adults when speaking to babies, facilitating language acquisition.