Which of the following are the basic elements of a balance sheet?
A)Income,expenses,profit/loss
B)Operations,sales,growth
C)Assets,liabilities,owner's equity
D)Income,deductions,taxes
E)Budgets,controls,plans

Question

Quizplus · Accepted Answer

The basic elements of a balance sheet are assets, liabilities, and owner's equity. The other options listed are not relevant to a balance sheet.

Which of the Following Are the Basic Elements of a Balance