A general ledger should be arranged in the order in which accounts are presented in the financial statements, beginning with the balance sheet accounts.

Name: A general ledger should be arranged in the order in which accounts are presented in the financial statements, beginning with the balance sheet accounts.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

This is true because presenting the accounts in the same order as they appear on the financial statements makes it easy to prepare the statements and reconcile the accounts.

A General Ledger Should Be Arranged in the Order in Which