The general ledger accounts are usually arranged in the following order:
A)first the temporary accounts, then the permanent accounts.
B)first the accounts with debit balances, then the accounts with credit balances.
C)first the accounts used most often, then those used less frequently.
D)first the balance sheet accounts, then the income statement accounts.

Question

Quizplus · Accepted Answer

The most common and recommended order for arranging general ledger accounts is to list the balance sheet accounts first and then the income statement accounts. This order helps to provide a clear picture of a company's financial position and performance. The balance sheet accounts reflect a company's assets, liabilities, and equity, while the income statement accounts show the company's revenue and expenses. By listing the balance sheet accounts first, a company can quickly understand its assets and liabilities before analyzing its income and expenses.

The General Ledger Accounts Are Usually Arranged in the Following