On the chart of accounts, the balance sheet accounts are normally listed in the following 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 correct order for listing balance sheet accounts on the chart of accounts is assets, liabilities, and stockholders' equity. This order is based on the equation: assets = liabilities + stockholders' equity. By listing assets first, followed by liabilities and then stockholders' equity, the balance sheet presents a clear picture of the company's financial position.

On the Chart of Accounts, the Balance Sheet Accounts Are