In the chart of accounts, the balance sheet accounts are normally listed in which order?
A) liabilities, assets, stockholders' equity
B) assets, liabilities, stockholders' equity
C) stockholders' equity, assets, liabilities
D) assets, stockholders' equity, liabilities

Question

Quizplus · Accepted Answer

The typical order for the balance sheet accounts in the chart of accounts is assets first, then liabilities, and finally stockholders' equity. This order represents the typical presentation of a balance sheet, with assets listed in order of liquidity and liabilities listed in order of maturity.

In the Chart of Accounts, the Balance Sheet Accounts Are