The major categories of assets listed on a balance sheet include current assets, fixed assets, and other assets.

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This statement is true. The major categories of assets listed on a balance sheet are current assets, fixed assets, and other assets. Current assets include items that can be easily converted to cash within a year such as cash, accounts receivable, and inventory. Fixed assets include items owned by the company that are used to generate revenue such as property, plant, and equipment. Other assets include items such as long-term investments or intangible assets like patents or trademarks.

The Major Categories of Assets Listed on a Balance Sheet