Which is not included on a balance sheet? - ProProfs Discuss
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Which is not included on a balance sheet?

Liabilities, Revenue, Assets, Owner's Equity

Asked by Jawalte, Last updated: Sep 13, 2021

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2 Answers

Anie Nikahi

Anie Nikahi

Anie Nikahi
Anie Nikahi

Answered Aug 19, 2018

Revenue is not included in the balance sheet because a balance sheet only record Assets, Liability, and Owner's Equity. Revenue is recorded in the Income Statement where it summarises cash received (cash inflow) from the sales in which the business has made.

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jawalte

jawalte

jawalte
Jawalte

Answered Sep 11, 2017

Revenue
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