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.

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Definitions:

Recency Errors

A memory bias in which the most recently presented items or experiences are most likely to be remembered.

Leniency Errors

A bias in which a reviewer or judge tends to give more favorable assessments than the evidence supports, often affecting performance evaluations or grading.

Halo Errors

A type of bias in which a positive impression in one area influences an evaluation in another area.

Directive Management Style

A leadership approach where decisions and processes are predominantly controlled by the manager or leader.