A Balance Sheet Is Organized in Order of the Accounting

question 104

True/False

A balance sheet is organized in order of the accounting equation, with liabilities first, followed by assets and shareholders' equity.

---

Definitions:

Somatic Nervous

Pertaining to the part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.

Central Nervous

Central to the nervous system, comprising the brain and spinal cord, responsible for processing and sending out signals to the body.

Endocrine

Pertaining to glands that secrete hormones or to the hormones themselves, which are released into the bloodstream to affect distant organs.

Estrogens

A class of hormones, including estradiol, that are more prevalent in females; they are associated with the development of the secondary and primary sex characteristics and with sexual behavior.