The first section of a balance sheet represents your
A)net worth.
B)financial goals.
C)assets.
D)liabilities.

Question

Quizplus · Accepted Answer

The first section of a balance sheet represents the assets, which include all the possessions and investments that an individual or company has. Net worth (A) is calculated by subtracting liabilities from assets, and financial goals (B) are not represented in the balance sheet but rather in a financial plan. Liabilities (D) are shown later in the balance sheet.

The First Section of a Balance Sheet Represents Your