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  3. 1. included on the balance sheet are a.assets, li

1. Included on the balance sheet are a.assets, liabilities, owner's equity, income, and expenses....

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Question

Accounting

1.

Included on the balance sheet are

a.assets, liabilities, owner's equity, income, and expenses.

b.assets, liabilities, and owner's equity.

c.income and expenses.

d.assets, income, and expenses.

2. Expenses reduce

a.accounts receivable.

b.owner's equity.

c.accounts payable.

d.the amount owed on a liability.

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