Select the correct answer. Which three crucial components of a business appear in a balance sheet? A. assets, liabilities, and operating expenses B. assets, liabilities, and equity C. assets, liabilities, and sales D. assets, liabilities, and cash outflow

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Business

Zachary Bates

30 August, 12:43

Select the correct answer. Which three crucial components of a business appear in a balance sheet? A. assets, liabilities, and operating expenses B. assets, liabilities, and equity C. assets, liabilities, and sales D. assets, liabilities, and cash outflow

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Answers (1)

Know the Answer?

Antwan Eaton · Answer 1

B. assets, liabilities, and equity

Explanation:

These three are the important elements of a business.

Assets include all elements owned by a company that have a tangible value. This includes total physical assets, materials of production, equipment etc.

Liability includes the risks incurred by the company when it undertakes its business ventures. Liabilities exist in all business ventures in one way or another and are calculated against assets to be balanced.

Equity is the owner's investment in a market as in profits deducted by losses,