The balance sheet is composed of the following types of accounts:
A. Revenue, expenses, and earnings.
B. Operating expenses, cash flow, and capital expenditures.
C. Capital, cost, and valuation.
D. Assets, liabilities, and owners' equity

Question

17-02-2016
Business

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The balance sheet is composed of the following types of accounts:
A. Revenue, expenses, and earnings.
B. Operating expenses, cash flow, and capital expenditures.
C. Capital, cost, and valuation.
D. Assets, liabilities, and owners' equity

Respuesta :

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meerkat18 meerkat18 · Answer 1 · 2016-02-17T13:38:51+01:00

The balance sheet is composed of the following types of accounts:
D. ASSETS, LIABILITIES, AND OWNER'S EQUITY.

The balance sheet is also known as the Statement of Financial Position. It present the company's financial position in any given time.

Assets are the cash, cash equivalents, and equipment that the company owns or has control over.

Liabilities are the debts and obligation the company has on other companies or individuals.

Owner's equity is the residual amount from asset less liabilities. It is what the owner invested for the company.

The balance sheet is composed of the following types of accounts: A. Revenue, expenses, and earnings. B. Operating expenses, cash flow, and capital expenditures. C. Capital, cost, and valuation. D. Assets, liabilities, and owners' equity

Respuesta :

Otras preguntas

The balance sheet is composed of the following types of accounts:
A. Revenue, expenses, and earnings.
B. Operating expenses, cash flow, and capital expenditures.
C. Capital, cost, and valuation.
D. Assets, liabilities, and owners' equity