Final answer:
Company resources such as cash, accounts receivable, and vehicles are recorded as Assets on the balance sheet. Assets are owned items of value that can be used to generate income.
Step-by-step explanation:
Resources owned by a company, such as cash, accounts receivable, vehicles, are reported on the balance sheet as Assets. Assets are items of value that the company owns and can use to produce income or reduce expenses. The balance sheet, a fundamental accounting tool, lists these along with liabilities and equity. A liability represents a debt or obligation that the company owes, such as loans or accounts payable. Bank capital or net worth on a bank's balance sheet reflects the total asset value minus the liabilities. Understanding this concept is critical for financial accounting and analysis.