Assume a company only entered into financing and investing activities and has prepared its journal entries and posted them to T-accounts.How would the related account balances be listed on its trial balance?
A)Credits first,followed by debits
B)Debits first,followed by credits
C)Alphabetically
D)In descending order by dollar amount

Question

Quizplus · Accepted Answer

This company's trial balance would list its asset accounts,which have debit balances,and then its liability and stockholders' equity accounts,which have credit balances.

Assume a Company Only Entered into Financing and Investing Activities