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The balance sheet is composed of the following types of accounts: A. Revenue, expenses, and earnings.

B. Operating expenses, cash flow, and capital expenditures. C. Cap...

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The balance sheet is composed of the following types of accounts: A. Revenue, expenses, and earnings.

B. Operating expenses, cash flow, and capital expenditures.
C. Capital, cost, and valuation.
D. Assets, liabilities, and owners' equity

Answer

The balance sheet is composed of the following types of D. ASSETS, LIABILITIES, AND OWNER'S EQUITY.
The balance sheet is also known as the Statement of Financial Position.
It present the company's financial position in any given time.
Assets are the cash, cash equivalents, and equipment that the company owns or has control over.
Liabilities are the debts and obligation the company has on other companies or individuals.
Owner's equity is the residual amount from asset less liabilities.
It is what the owner invested for the company.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 35 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 361 views.

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