Ask Question
BusinessBusiness
Today, 06:04

3 main sections of the blance sheet

+1
Answers (2)
  1. Today, 06:41
    0
    Asset, liability and equity

    Explanation:

    There are 3 main sections in balance sheets;

    1. Assets - have value because a business can use or exchange them to produce the services or products of the business. Assets mainly categorize into current and non-current.

    2. Liabilities - are the debts owed by a business, often incurred to fund its operation, it results to a possible outflow in the future. Liabiities also divided into current and non-current portion, that depends on its maturity period.

    3. Equity - represents retained earnings and funds contributed by its shareholders
  2. Today, 07:00
    0
    3 main sections of the balance sheet are:

    Answer:

    1. ownership equity

    2. liabilities

    3. assets
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “3 main sections of the blance sheet ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Chasteen, Inc., is considering an investment with an initial cost of $145,000. The cash inflows generated by the project are estimated at $76,000 for the first two years and $30,000 for the following two years. What is the internal rate of return
Answers (1)
You place $4,00.00 in a bank account with an interest rate of 5.25% APR and another $2,000.00 in account with an interest rate of 6.00% APR. After 6months which account will have earned the most interest?
Answers (1)
In the United States, where land is cheap, the ratio of land to labor used in cattle raising is higher than that of land used in wheat growing.
Answers (1)
If a company has total revenues of $100,000, sales discounts of $3,000, sales returns of $4,000, and sales allowances of $2,000, the income statement will report net revenues of $91,000. A) True B) False
Answers (1)
The GATT was A. an International Monetary Fund agency with trade oversight. B. an international treaty governing trade. C. a collection of tariff standards. D. an international U. N. agency with trade oversight. E. a U. S. government agency.
Answers (2)
New Questions in Business
In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade. Consider the following scenario: Without free trade, Diamonique has market power as a local producer.
Answers (1)
Lynch Company had a net deferred tax asset of $68,068 at the beginning of the year, representing a net taxable temporary difference of $200,200 (taxed at 34 percent). During the year, Lynch reported pretax book income of $800,800.
Answers (1)
Suppose the U. S. dollar-euro exchange rate is 1.11.1 dollars per euro, and the U. S. dollar-Mexican peso rate is 0.10.1 dollars per peso. What is the euro-peso rate? nothing euros per Mexican peso.
Answers (1)
What is the total dollar amount of personal and dependency exemptions which a married couple with two children (ages 11 and 14, both of which are qualified children) and $80,000 of adjusted gross income would deduct in 2019
Answers (1)
Which type of forms and others documents would you need in order to open a checking or banking account? describe two examples
Answers (2)
Home » Business » 3 main sections of the blance sheet
Sign Up Forgot Password?