On the Chart of Accounts, the Balance Sheet Accounts Are

question 66

Multiple Choice

On the chart of accounts, the balance sheet accounts are normally listed in the following order

• A) liabilities, assets, owner's equity
• B) assets, liabilities, owner's equity
• C) owner's equity, assets, liabilities
• D) assets, owner's equity, liabilities

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Definitions:

Subject Matter

The topic or substance of a discussion, document, or work, especially in legal contracts or litigation.

Sold

The completed process of transferring ownership of a good or property in exchange for money or value.

Invitation to Treat

An invitation for parties to make offers or negotiate, which itself does not bind the parties to a contract.

Newspaper Offer

A promotional or sales offer made through a newspaper, typically involving products or services at discounted rates.