Match each term with its correct definition. Balance sheet ? What someone owns Liabilities ? What someone owes Assets ? Statement of financial position

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asked Nov 18, 2021 137k views

4 votes

Match each term with its correct definition.

Balance sheet
?
What someone owns
Liabilities
?
What someone owes
Assets
?
Statement of financial
position

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middle-school

Shamon Shamsudeen asked

by Shamon Shamsudeen

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2 Answers

4 votes

Balance sheet: is a statement of financial position
Assets: what someone owns
Liabilities: is what someone OWES

Joshdick answered Nov 19, 2021

by Joshdick

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7 votes

Answer:

balance sheet - statement of financial position

liabilities - what someone owes

assets - what someone owns

Subin Babu answered Nov 22, 2021

by Subin Babu

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