in the chart of accounts, the balance sheet accounts are normally listed in which order?\n a. liabilities…

in the chart of accounts, the balance sheet accounts are normally listed in which order?\n a. liabilities, assets, stockholders equity\n b. assets, liabilities, stockholders equity\n c. assets, stockholders equity, liabilities\n d. stockholders equity, assets, liabilities

in the chart of accounts, the balance sheet accounts are normally listed in which order?\n a. liabilities, assets, stockholders equity\n b. assets, liabilities, stockholders equity\n c. assets, stockholders equity, liabilities\n d. stockholders equity, assets, liabilities

Answer

Brief Explanations:

In accounting, the balance - sheet equation is Assets = Liabilities + Stockholders' Equity. When listing accounts in the chart of accounts for the balance sheet, assets are listed first, followed by liabilities, and then stockholders' equity. This order is in line with the accounting equation and the way financial statements are structured to show what a company owns (assets), what it owes (liabilities), and the residual claim of the owners (stockholders' equity).

Answer:

B. assets, liabilities, stockholders' equity