A balance sheet lists
A)Only the information about what happened to equity during a specific time period.
B)The types and amounts of the revenues and expenses of a business.
C)The assets and liabilities of a business but not the equity.
D)The types and amounts of assets, liabilities, and equity of a business at a specific date.
E)The inflows and outflows of cash during a specific time period.

Question

Quizplus · Accepted Answer

A balance sheet lists the types and amounts of assets, liabilities, and equity of a business at a specific date. It does not show information about revenues and expenses, cash inflows and outflows, or changes in equity over a specific time period.

A Balance Sheet Lists