Hi there !
Topic - Balance sheets
What are the 3 sections of a balance sheet?
Nonsense = Reported
Thank you​

Answers

Answer 1

Answer:

The balance sheet consists of three major sections: (1) the assets, which are probable future economic benefits owned or controlled by the entity; (2) the liabilities, which are probable future sacrifices of economic benefits; and (3) the owners' equity

Related Questions

In which part of the business plan might we expect to find a short biography of the company's CEO?
A Executive Summary
B. The Team
C. Company Status
D. The Advisors

Please Help!!!

Answers

We will be able to find the short biography of the company's CEO in "The Team" section of the business plan.

What is the The Team section?

Under a business plan, the Team section tells a show biography and achievement of the top hierarchies of the firm.

Hence, the short biography of the company's CEO in "The Team" section of the business plan.

Therefore, the Option B is correct.

Read more about business plan

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Hi there !
Topic - Balance sheets
What is a capital expenditure versus a revenue expenditure?
Nonsense = Reported​
Please answer A.S.A.P
Thank you

Answers

Answer:

Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period while revenue expenditures are typically referred to as ongoing operating expenses, which are short-term expenses that are used in running the daily business operations.

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