Question

Which of the accounts below would ALL appear on the balance sheet.
Multiple Choice
a. Cash, Accounts Payable, Owner's Capital (ending balance)
b. Accounts Receivable, Accounts Payable, Fee Income
c. Utility Expense, Salary Expense, Cash
d. Owner's Capital (beginning), Owner's Drawing, Supplies Expense

Answer 1

Answer:

a. Cash, Accounts Payable, Owner's Capital (ending balance)

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

The debit and credit side of the balance sheet should always be equal and balanced.  

Moreover, it always is prepared on the specified date.

So, the all other options are wrong except option.a