Where does the assets' values of the ﬁrms appear on the Balance Sheet?
A)right hand side.
B)left hand side.
C)right hand side and left hand side.
D)it does not appear on the Balance Sheet at all.
E)right hand side or left hand side.

Question

Quizplus · Accepted Answer

Assets are listed on the left-hand side of a firm's balance sheet. This is a standard accounting practice, reflecting the fundamental accounting equation: Assets = Liabilities + Equity.

Where Does the Assets' Values of the ﬁRms Appear on the Balance