Which of the following amounts would be included on the right side of a balance sheet? A. the amount of money owed to the company by customers who have not yet paid for goods and services they have received B. the amount of deferred tax liability held by the company C. the value of government bonds held by the company D. the cash held by the company

Question

Riya Ellis

Business

7 June, 23:31

Which of the following amounts would be included on the right side of a balance sheet? A. the amount of money owed to the company by customers who have not yet paid for goods and services they have received B. the amount of deferred tax liability held by the company C. the value of government bonds held by the company D. the cash held by the company

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Answers (1)

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Jayson Huffman · Answer 1

A. the amount of money owed to the company by customers who have not yet paid for goods and services they have received

D. the cash held by the company

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:

Total assets = Total liabilities + stockholder equity

The debit and credit side of the balance sheet should always be equal and balanced.

Moreover, it always is prepared on the specified date.

The A parts show accounts receivable

The B part comes under liabilities

The C part also comes under liabilities

The D part comes under assets.