Which of the following are the basic elements of a balance sheet?
A)income, expenses, and outcome
B)operations, sales, and growth
C)assets, liabilities, and stockholders' equity
D)receipts, deductions, and taxes
E)budgets, controls, and corrective actions

Question

Quizplus · Accepted Answer

The basic elements of a balance sheet are assets, liabilities, and stockholders' equity. Income, expenses, outcome, operations, sales, growth, receipts, deductions, taxes, budgets, controls, corrective actions are related to income statement, income and expense projection, income, profit and loss statements, and budgeting.

Which of the Following Are the Basic Elements of a Balance