Accounts are usually arranged in the ledger in financial statement order, that is, assets first, followed by liabilities, equity, expenses, and revenues.
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Q1: Increases in equity are recorded by credits;
Q6: The general ledger is sometimes called the
Q10: Dividends increase equity and therefore should be
Q11: A credit to a ledger account refers
Q11: Earning revenue increases equity and expenses reduce
Q14: Dividends are an expense of a corporation
Q18: The credit side of an account is
Q19: A trial balance cannot be distributed to
Q19: Every transaction affects equal numbers of ledger
Q37: A business that is profitable and liquid
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