The order in which accounts appear in the chart of accounts is:
A)liabilities, assets, revenues, Stockholders' Equity, expenses.
B)Stockholders' Equity, expenses, revenue, liabilities, assets.
C)assets, Stockholders' Equity, revenues, expenses, liabilities.
D)Assets, Liabilities, Stockholders' Equity, revenues, expenses.

Question

Quizplus · Accepted Answer

The correct order of listing accounts in the chart of accounts is Assets first, followed by Liabilities, Stockholders' Equity, revenues, and then expenses. This order makes it easy to read and use the financial statements when they are prepared.

The Order in Which Accounts Appear in the Chart of Accounts