The Order in Which Accounts Appear in the Chart of Accounts

question 120

Multiple Choice

The order in which accounts appear in the chart of accounts is:

• A)liabilities, assets, revenues, Stockholders' Equity, expenses.
• B)Stockholders' Equity, expenses, revenue, liabilities, assets.
• C)assets, Stockholders' Equity, revenues, expenses, liabilities.
• D)Assets, Liabilities, Stockholders' Equity, revenues, expenses.

---

Definitions:

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific business segment or product line.

Net Operating Income

The profit a company makes from its operations, exclusive of taxes and other non-operational expenses.

Price Hike

An increase in the selling price of goods or services, often due to increased production costs or higher demand.

Traceable Fixed Expense

A fixed cost that can be directly linked to a specific business segment, product, or operation without any ambiguity.