A trial balance lists accounts in which order?
A)assets, liabilities, revenues, expenses, capital
B)assets, expenses, liabilities, revenues, capital
C)assets, revenues, liabilities, expenses, capital
D)assets, liabilities, capital, revenues, expenses

Question

Quizplus · Accepted Answer

The correct order in a trial balance is assets, liabilities, capital, revenues, and expenses. This order reflects the structure of the balance sheet (assets, liabilities, and equity) followed by the income statement (revenues and expenses).

A Trial Balance Lists Accounts in Which Order