Author Question: In the chart of accounts, the balance sheet accounts are normally listed in which order? a. ... (Read 127 times)

chads108 · **on:** Jul 5, 2018

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.