The Ordering of Accounts in a Trial Balance Typically Follows

question 19

True/False

The ordering of accounts in a trial balance typically follows their identification number from the chart of accounts, that is, assets first, then liabilities, then owner's capital and withdrawals, followed by revenues and expenses.

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Definitions:

Kansas-Nebraska Act

An 1854 U.S. law that created the territories of Kansas and Nebraska, leaving the decision of slavery to the residents, which led to a violent conflict known as "Bleeding Kansas."

Far-Reaching Consequences

Outcomes or effects of an action, decision, or event that have a wide-ranging impact, affecting many areas or people beyond the immediate context.

Abraham Lincoln

The 16th president of the United States (1861-1865) who led the country during the Civil War, preserved the Union, and issued the Emancipation Proclamation, which began the process of freedom for America's slaves.

John Brown

A white American abolitionist who believed in and advocated for armed insurrection as the only way to overthrow the institution of slavery in the United States.