Question: What is the typical order of accounts in a trial balance?

Options:

1. Assets, Liabilities, Equity, Revenue, Expenses
2. Revenue, Expenses, Assets, Liabilities, Equity
3. Liabilities, Assets, Equity, Revenue, Expenses
4. Equity, Assets, Liabilities, Revenue, Expenses

Correct Answer: Assets, Liabilities, Equity, Revenue, Expenses

Solution:

The typical order of accounts in a trial balance is Assets, Liabilities, Equity, Revenue, and Expenses.