Included on the balance sheet are a. assets, liabilities, and owner's equity. b. assets, liabilities, owner's equity, income, and expenses. c. assets, income, and expenses. d. income and expenses.

Question

Freedom

Business

5 November, 05:54

Included on the balance sheet are a. assets, liabilities, and owner's equity. b. assets, liabilities, owner's equity, income, and expenses. c. assets, income, and expenses. d. income and expenses.

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Phillip · Answer 1

a. assets, liabilities, and owner's equity.

Explanation:

The assets liabilities and stockholder equity are reported in the balance sheet.

The accounting equation that is shown below is used in this:

Total assets = Total liabilities + Stockholder equity

The balance sheet debit and credit side should always be matched

In addition, it is always prepared on the date mentioned.