Which are shown on a balance sheet select three choices

Asked by admin @ 12/10/2021 in Mathematics viewed by 320 People

Which are shown on a balance sheet? Check all that apply.

assets
liabilities
age
time period
date of birth

Answered by admin @ 12/10/2021

Answer:

Assets, liabilities and time period

Step-by-step explanation:

A balance sheet shows the financial affairs of a company as of a particular date.

After financial statements, namely trading, profit and loss account, and profit and loss appropriations accounts are prepared, the profit is transferred to capital account.

The balances shown in each account will be shown in the balance sheet.

Since balance sheet is of a particular date, time period is compulsory to appear in the balance sheet besides assets as of close of business and liabilities will be shown.

So answer is

Assets,liabilities and time period.

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