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Discuss the following: Choose an account category that is listed on the Balance Sheet (examples could be current assets, long-term liabilities, or retained earnings,
Discuss the following: Choose an account category that is listed on the Balance Sheet (examples could be current assets, long-term liabilities, or retained earnings, etc.). Explain what the account category means, what specific accounts make up the account category on the Balance Sheet, and the type of business transactions that would utilize these accounts. Explain whether the accounts listed in the account category typically have a debit or credit balance in the General Ledger. Provide an example of a Balance Sheet disclosure that might be included that relates to the specific account category that you have chosen.
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