Accounts Are Classified in the Ledger

question 184

Multiple Choice

Accounts are classified in the ledger

• A) chronologically
• B) alphabetically
• C) in accordance with their appearance in the financial statements
• D) so that accounts used most often are listed first

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Definitions:

Enumerated Power

Powers that are specifically listed in the Constitution that define the authority of a particular branch of government.

Regulatory Ends

Objectives or goals that regulations aim to achieve, typically involving protecting public welfare, safety, health, and ensuring fair market practices.

Interstate Commerce

The conduct of trade, business, or transportation between states within a country, subject to federal regulations.

Discrimination

Discrimination involves unfair or prejudicial treatment of people based on characteristics such as race, age, sex, or disability instead of individual merit.