Which value is listed first on a balance sheet prepared in a USALI format? a. Assets b.

Question:

Which value is listed first on a balance sheet prepared in a USALI format?

a. Assets

b. Liabilities

c. Revenue

d. Owners’ equity

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...