On a typical chart of accounts, the accounts are arranged in the same order as they appear in the trial balance.

Question

Quizplus · Accepted Answer

The trial balance is a list of all the accounts in the general ledger, with their balances as of a specific date. The chart of accounts is a list of all the accounts that are used by the company, with their account numbers. The accounts in the chart of accounts are typically arranged in the same order as they appear in the trial balance, so that it is easy to find the balance of a specific account.

On a Typical Chart of Accounts, the Accounts Are Arranged