The three elements that make up a balance sheet are assets, liabilities and expenses.
Correct Answer:
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Q153: An accounting report that shows the changes
Q154: Double-underlining is used for every sub-section on
Q155: Which financial statement is prepared first?
A) Statement
Q156: Which of the following items is NOT
Q157: The time period covered in a balance
Q159: The balance sheet contains
A) liabilities, expenses and
Q160: The financial statement that shows revenue and
Q161: The statement of owner's equity is the
Q162: The income statement is the first financial
Q163: Total assets are included in the statement
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