Answered

The order in which ledger accounts are arranged is
assets, revenues, expenses, liabilities, common stock, dividends.
common stock, assets, revenues, expenses, liabilities, dividends.
assets, liabilities, common stock, dividends, revenues, expenses.
revenues, assets, expenses, liabilities, common stock, dividends.



Answer :

GinnyAnswer

Final answer:

Ledger accounts are arranged in a specific order to present a structured financial overview of a company by listing assets first, followed by liabilities, common stock, dividends, revenues, and expenses.


Explanation:

The correct order in which ledger accounts are arranged is:

  1. Assets
  2. Liabilities
  3. Common stock
  4. Dividends
  5. Revenues
  6. Expenses

Arranging accounts in this specific order helps in presenting a structured financial overview of a company. For example, assets are listed first, followed by liabilities and equity to show the financial health of a business.


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