11.In which order are the accounts listed in the chart of accounts?

a.owner's equity, assets, liabilities, revenues, expenses

b.assets, expenses, liabilities, owner's equity, revenues

c.assets, liabilities, owner's equity, revenues, expenses

d.assets, liabilities, revenues, expenses, owner's equity

12.A trial balance is prepared to

a.prove that no errors were made in posting to the ledger

b.discover errors that affect the equality of debits and credits

c.prove that each account balance is correct

d.prove that there were no errors made in recording transactions into the journal

13.The chart of accounts is designed to

a.meet the information needs of a company's managers and other users of its financial statements

b.summarize the transactions and determine ending account balances

c.organize accounts in order of dollar amount to simplify the accounting information for users

d.alphabetize the accounts to make reading easier for financial statement users