Accounts Are Listed in the Ledger

question 77

Multiple Choice

Accounts are listed in the ledger:

• A)alphabetically.
• B)chronologically.
• C)in random order.
• D)in the same order as they appear on the financial statements.

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Definitions:

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements.

Measurable

Capable of being quantified or precisely assessed.

Social Responsibility Pyramid

A framework suggesting that businesses are responsible to their stakeholders in a hierarchical manner, starting from economic, legal, ethical, to philanthropic responsibilities.

Milton Friedman

was an American economist known for his strong belief in free-market capitalism and for being a leading proponent of monetarism.