Asked by tabatha nieves on Jun 05, 2024

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The balance sheet contains:

A) Liabilities, Expenses and capital.
B) Assets, Liabilities and Revenues.
C) Expenses, Assets and cash.
D) None of the above is correct.

Balance Sheet

A delineation of a company's financial status including assets, liabilities, and shareholders' equity at an exact point in time.

Liabilities

Sums of money or other financial obligations that a company is required to pay in the future to creditors, lenders, or suppliers.

Assets

Economic resources owned or controlled by a business, expected to provide future benefits.

  • Identify components of the balance sheet (Assets, Liabilities, Owner's Equity).
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Verified Answer

GZ
Genesis ZhunioJun 08, 2024
Final Answer :
D
Explanation :
The balance sheet contains assets, liabilities, and shareholders' equity, not the combinations listed in options A, B, or C.