Which one of the following is a balance sheet account?
Understand the Problem
The question is asking which of the given options is classified as a balance sheet account in accounting.
Answer
Capital
The final answer is Capital.
Answer for screen readers
The final answer is Capital.
More Information
Capital represents the ownership interest and is classified as an equity account on the balance sheet.
Tips
A common mistake is confusing income statement accounts, such as Interest income, with balance sheet accounts.
Sources
- Balance Sheet Account - CGI.com - myadvantagecloud.cgi.com
- Balance Sheet: Explanation, Components, and Examples - investopedia.com
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