The balance sheet summarizes what a company owns and what it owes.What account types are on the balance statement?
A)Assets,Expenses,Liabilities,and Owners' Equity (or Stockholders' Equity).
B)Assets,Liabilities,Revenues,and Owners' Equity (or Stockholders' Equity).
C)Assets,Liabilities,Revenues and Expenses.
D)Assets,Liabilities,and Owners' Equity (or Stockholders' Equity).

Question

Quizplus · Accepted Answer

The balance sheet includes the following account types: Assets, Liabilities, and Owners' Equity (or Stockholders' Equity). Expenses and Revenues are not included on the balance sheet, as they are part of the income statement.

The Balance Sheet Summarizes What a Company Owns and What