The asset,liability,and owner's capital accounts appear on all of the following except the
A) income statement.
B) balance sheet.
C) post-closing trial balance.
D) worksheet.

Question

Quizplus · Accepted Answer

The income statement reports a company's revenues and expenses over a given period of time, not the balances of specific accounts like assets, liabilities, and owner's capital. The other options all involve reporting these account balances in some way.

The Asset,liability,and Owner's Capital Accounts Appear on All of the Following