The General Ledger Accounts Are Usually Arranged in the Following

question 64

Multiple Choice

The general ledger accounts are usually arranged in the following order:

• A)first the temporary accounts, then the permanent accounts.
• B)first the accounts with debit balances, then the accounts with credit balances.
• C)first the accounts used most often, then those used less frequently.
• D)first the balance sheet accounts, then the income statement accounts.

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Definitions:

Exercise Authority

The act of utilizing one's power or right to give orders, make decisions, and enforce obedience.

Progressive Ideology

A set of beliefs or political philosophy that emphasizes progress, reform, and improvement in societal conditions, often advocating for civil liberties, human rights, equality, and environmentally sustainable practices.

Social Harmony

The state of peaceful coexistence and cooperation among individuals in a community, contributing to overall societal stability.

Planning

The process of defining goals, establishing strategies to achieve those goals, and developing plans to integrate and coordinate activities.