The balance sheet contains
A) liabilities, expenses and capital.
B) assets, liabilities and revenues.
C) expenses, assets and cash.
D) assets, liabilities and owner's equity.

Question

Quizplus · Accepted Answer

The balance sheet shows the assets, or resources owned by the company, the liabilities, or debts owed by the company, and the owner's equity, or the amount of money invested in the company by its owners. Expenses and revenues are not found on the balance sheet.

The Balance Sheet Contains