Assets and liabilities are a part of which financial statement?
A)balance sheet
B)opening budget
C)P&L statement
D)income statement

Name: Assets and liabilities are a part of which financial statement? A)balance sheet B)opening budget C)P&L statement D)income statement
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Question

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Assets and liabilities are reported on the balance sheet, which is a financial statement that shows a company's financial position at a specific point in time. The balance sheet summarizes a company's assets, liabilities, and equity.

Assets and Liabilities Are a Part of Which Financial Statement