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:

Behavioral Economic Theories

A branch of economics that studies how psychological, social, and emotional factors affect economic decisions.

Rational Decisions

Choices made based on logical reasoning and objective analysis of available information and alternatives.

Behavioral Economics

A domain within economics focused on analyzing how elements such as psychology, cognition, emotions, culture, and societal factors impact choices related to the economy.

Biology

The scientific study of life and living organisms.