The accounts on the Trial Balance are always listed in the following order:
A)Assets, Liabilities, Equity, Revenue, Expense
B)Assets, Expense, Liabilities, Equity, Revenue
C)Assets, Equity, Expense, Liabilities, Revenue
D)Expense, Revenue, Equity, Liabilities, Assets

Question

Quizplus · Accepted Answer

The correct order for listing accounts on the Trial Balance is Assets, Liabilities, Equity, Revenue, Expense. This order reflects the logical flow from what the company owns and owes, to the owner's stake, and finally to the company's operational results.

The Accounts on the Trial Balance Are Always Listed in the Following