The main difference in the balance sheets of manufacturing vs. service business is in
A) current assets.
B) current liabilities.
C) investments.
D) equity.

Question

Quizplus · Accepted Answer

The main difference in the balance sheets of manufacturing vs. service businesses lies in their current assets. This is because manufacturing businesses typically have a larger investment in inventory, while service businesses do not hold as much inventory. This difference is reflected in their current asset accounts. Current liabilities, investments, and equity may also differ between the two types of businesses, but the most significant difference is in current assets.

The Main Difference in the Balance Sheets of Manufacturing Vs