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:

Current Flow

The flow of carriers like electrons that carry electric charge through a conductor or an electric circuit.

Series Circuits

Electrical circuits in which components are connected end-to-end so that current flows through each component in turn without branching.

Path

The intended or actual route or course taken by something or someone.

Voltage

The difference in electric potential between two points, expressed in volts.