A General Ledger Should Be Arranged in Financial Statement Order

question 216

True/False

A general ledger should be arranged in financial statement order beginning with the balance sheet accounts.

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Definitions:

Superior Mesenteric Vein

A vein in the abdomen that drains blood from the small intestine, ascending colon, and transverse colon into the portal vein.

Inferior Mesenteric Vein

A vein that drains blood from the lower part of the large intestine and rectum into the portal vein.

Gastrosplenic Vein

A blood vessel that carries blood from the stomach and spleen towards the heart.

Inferior Phrenic Vein

Veins that drain blood from the diaphragm into the inferior vena cava or the left suprarenal vein.