BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following categories of information are found on a balance sheet:
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Income, expenditures, profit
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Assets, liabilities, owner’s equity
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Assets, liabilities, margin
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Revenues, expenses, profit
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Explanation:
Detailed explanation-1: -A balance sheet is a financial statement that reports a company’s assets, liabilities, and shareholder equity.
Detailed explanation-2: -A balance sheet provides detailed information about a company’s assets, liabilities and shareholders’ equity.
Detailed explanation-3: -Liability is a category or element of the balance sheet.
Detailed explanation-4: -Parts of a Balance Sheet. A balance sheet is divided into three overall categories: assets, liabilities and shareholder equity. Each line item under these categories is the position of the business at that particular point in time.
There is 1 question to complete.