The usual order of accounts in the general ledger is
A) assets, liabilities, common stock, retained earnings, dividends, revenues, and expenses.
B) assets, liabilities, dividends, common stock, retained earnings, expenses, and revenues.
C) liabilities, assets, common stock, retained earnings, revenues, expenses, and dividends.
D) common stock, retained earnings, assets, liabilities, dividends, expenses, and revenues.

Question

Quizplus · Accepted Answer

The general ledger typically follows the order of the accounting equation: assets, liabilities, and equity (common stock and retained earnings), followed by dividends, revenues, and expenses.

The Usual Order of Accounts in the General Ledger Is