A balance sheet that places the liabilities and equity to the right of the assets is called a(n)
A) Report form balance sheet
B) Account form balance sheet
C) Adjusted balance sheet
D) Unadjusted balance sheet
E) The accounting equation

Question

Quizplus · Accepted Answer

The account form balance sheet is the traditional format where assets are listed on the left side and liabilities and equity are listed on the right side.

A Balance Sheet That Places the Liabilities and Equity to the Right