Which of the following does the balance sheet include?
A)Revenue
B)Expenses
C)Assets
D)Liabilities

Name: Which of the following does the balance sheet include? A)Revenue B)Expenses C)Assets D)Liabilities
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Question

Which of the following does the balance sheet include? 
A)Revenue
B)Expenses
C)Assets
D)Liabilities

Quizplus · Accepted Answer

The balance sheet includes assets and liabilities, but not revenue or expenses. The balance sheet provides a snapshot of a company's financial position at a specific point in time, showing its assets (what it owns) and its liabilities (what it owes).

Which of the Following Does the Balance Sheet Include