The two basic methods accountants use to display information on a balance sheet are the report format

Question:

The two basic methods accountants use to display information on a balance sheet are the report format and the

a. Account format.

b. Debit format.

c. Credit format.

d. Evaluation format.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...