The usual ordering of accounts in the general ledger is
A) assets, liabilities, share capital-ordinary, retained earnings, dividends, revenues, and expenses.
B) assets, liabilities, dividends, share capital ? ordinary, retained earnings, expenses, and revenues.
C) liabilities, assets, share capital ? ordinary, retained earnings, revenues, expenses, and dividends.
D) Share capital ? ordinary, retained earnings, assets, liabilities, dividends, expenses, and revenues.

Question

Quizplus · Accepted Answer

Assets are listed first, followed by liabilities, then equity accounts (share capital, retained earnings, and dividends), and finally revenue and expense accounts.

The Usual Ordering of Accounts in the General Ledger Is