Final answer:
Asset, liability, and equity accounts appear on the balance sheet. Assets are resources that have value, liabilities are debts or obligations, and equity represents the ownership interest in a business.
Step-by-step explanation:
Yes, asset, liability, and equity accounts appear on the balance sheet. The balance sheet is an accounting tool that lists the assets and liabilities of a business. Assets are resources that have value and can be used to produce something, such as cash, property, or equipment. Liabilities are debts or obligations that the business owes to others, such as loans or accounts payable. Equity represents the ownership interest in a business and is calculated by subtracting liabilities from assets.