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

Hi there ! Topic - Balance sheets What are the 3 sections of a balance sheet? Nonsense = Reported Thank you​
149k views
23 votes
Hi there !

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

User Gabrielhpugliese
by
7.9k points

1 Answer

8 votes

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

User Bsisco
by
7.7k points
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