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Trejo92 Trejo92
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6 years ago
What is included on a balance sheet, and how do these items help management?
 
  What will be an ideal response?
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6 years ago
What is included on a balance sheet, and how do these items help management?
The balances in the asset, liability, and owner's equity accounts are on the Balance Sheet.
It shows management the company's complete financial condition.
It tells management the condition of the business on any one given day.
It helps management make better decisions about financial matters.
It can identify problem areas and pinpoint their weaknesses about the problem.
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