When making a customer profile, one of the documents created is a balance sheet. Among other items, your client's balance sheet would include:

When making a customer profile, one of the documents created is a balance sheet. Among other items, your client's balance sheet would include:



A) salary or wages.

B) assets.

C) interest expense.

D) accumulated depreciation.



Answer: A balance sheet, whether for an individual, a family, or a business, is a listing of assets and liabilities. Interest expense and salary go on the income statement. Accumulated depreciation is a balance sheet item, but only for a business.



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