The two sides of a banks balance sheet are labeled:

Question

Quizplus · Accepted Answer

A bank's balance sheet is divided into two main sections: assets and liabilities. The assets refer to everything the bank owns and the liabilities refer to everything the bank owes, including deposits and loans. Net worth, which represents the difference between a bank's assets and liabilities, is not considered a separate section on the balance sheet. Therefore, the correct answer is A) assets and liabilities.

The Two Sides of a Banks Balance Sheet Are Labeled