Which of the Following Is the Proper Order of Accounts

question 31

Multiple Choice

Which of the following is the proper order of accounts in the chart of accounts?

• A)Assets, equity, liabilities, revenues
• B)Equity, assets, revenues, liabilities
• C)Liabilities, equity, revenues, assets
• D)Assets, liabilities, equity, revenues

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Definitions:

Coordination

Involves the organization of different elements or activities in a system to ensure they work together effectively to achieve a goal or objective.

Informal Communication

the exchange of information that occurs outside of formal communication structures, often casually or spontaneously.

Interdependencies

Mutual reliance between two or more groups or entities, where the actions of one significantly affect the outcomes of the others.

Span of Control

Span of Control describes the number of subordinates or tasks that a manager or leader can effectively oversee, manage, or control directly.