Accounts are presented in the general ledger in the same order as they are presented in the financial statements.

Question

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The general ledger is the primary accounting record that contains all of the financial transactions of a company. The financial statements are prepared from the general ledger. The order of the accounts in the general ledger is typically the same as the order of the accounts in the financial statements. This makes it easier to prepare the financial statements and to ensure that the financial statements are accurate.

Accounts Are Presented in the General Ledger in the Same