In the chart of accounts, the balance sheet accounts are normally ...

[chads108]

In the chart of accounts, the balance sheet accounts are normally listed in which order?
 a. liabilities, assets, owner's equity
  b. assets, liabilities, owner's equity
  c. owner's equity, assets, liabilities
  d. assets, owner's equity, liabilities

Question 2

To account for a donation to the City where the principal is to remain intact forever and the earnings are to be used to benefit the Boy Scout and Girl Scout organizations in the City, the government should use what fund type?
 
  A. Permanent Fund.
  B. Special Revenue Fund.
  C. General Fund.
  D. Private-Purpose Trust Fund.

[aliotak]

Answer to Question 1

b

Answer to Question 2

D

[chads108]

TYSM

[deja]

Thanks for the timely response, appreciate it