The usual ordering of accounts in the general ledger is
A)assets, liabilities, stockholders' equity, revenues, and expenses.
B)assets, liabilities, stockholders' equity, expenses, and revenues.
C)liabilities, assets, stockholders' equity, revenues, and expenses.
D)stockholders' equity, assets, liabilities, expenses, and revenues.

Question

Quizplus · Accepted Answer

The general ledger is typically ordered starting with assets, followed by liabilities, stockholders' equity, revenues, and expenses. This order reflects the accounting equation and the flow of financial information.

The Usual Ordering of Accounts in the General Ledger Is