Final answer:
The correct answer is d. Debts. Assets are listed on the left side of a balance sheet, while liabilities, which include debts, are on the right side.
Step-by-step explanation:
In answering the question, Choose the correct answer. A balance sheet has assets listed on the left, and liabilities and what on the right, the correct option is d. Debts. A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time. Assets represent things of value that a company owns and can use to produce revenue, while liabilities are obligations that the company owes, typically consisting of debts and other financial duties. Debts are indeed a liability and are accounted for on the right side of the balance sheet. The net worth or equity of an entity is the difference between its assets and liabilities and is represented on the right side, balancing the equation. In a bank's balance sheet context, assets would include cash in the vaults, reserves held at the Federal Reserve, loans made to customers, and securities held. Liabilities would comprise depositors' funds and any other debts owed by the bank. Net worth is sometimes referred to as bank capital and is critical in assessing the financial health of a bank. A balance sheet typically has assets listed on the left side and liabilities on the right side. Assets represent what a company owns, and liabilities represent what it owes. The equality of these two sides signifies the accounting equation: Assets = Liabilities + Equity. Items like income, expenses, credits, and debts are more associated with income statements, accounts, and financial transactions rather than the traditional structure of a balance sheet.