A Trial Balance Lists Accounts in Which Order

question 7

Multiple Choice

A trial balance lists accounts in which order?

• A)Assets, Liabilities, Owners' equity, Revenues, Expenses
• B)Assets, Expenses, Liabilities, Revenues, Owners' equity
• C)Assets, Revenues, Liabilities, Expenses, Owners' equity
• D)Assets, Liabilities, Revenues, Expenses, Owners' equity

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Definitions:

Material Fact

A fact that could influence the decision-making of an individual or entity, such as in a legal contract or in financial disclosures.

Furnished Information

Data or details provided, often to an authority or for a specific purpose, which are supplied or equipped by a party.

Fraudulent Misrepresentation

Deception used to induce someone into a contract, involving false statements that the speaker knows to be untrue.

Fraudulent Misrepresentation

A false statement of fact made knowingly, or without belief in its truth, or recklessly, intended to induce another party to enter into a contract.