Generally,the Ordering of Accounts in a Trial Balance Typically Follows

question 73

True/False

Generally,the ordering of accounts in a trial balance typically follows their identification number from the chart of accounts: assets,liabilities,equity,revenues,and expenses.

---

Definitions:

Spending Variance

The difference between the actual amount spent and the budgeted amount in financial management, often analyzed in cost accounting.

Employee Salaries

The regular compensation paid to employees for their labor or services, typically expressed as an annual amount or hourly wage.

Activity Variance

The difference between the actual cost incurred for an activity and the standard cost set for that same activity.

Total Expenses

The sum of all costs and expenditures that a business incurs during a given period, including operating expenses, cost of goods sold, and other charges.