Question

A business has 2 sources of funds; the owners and non-owners. The financing provided by the owner is represented on the balance sheet as ______________, and the financing provided by non-owners is represented on the balance sheet as _____________.

a) Equity, Liabilities
b) Liabilities, Equity
c) Assets, Liabilities
d) Liabilities, Assets

Answer 1

The financing provided by the owner is represented as Equity, and the financing provided by non-owners is represented as Liabilities.

Step-by-step explanation:

The financing provided by the owner is represented on the balance sheet as Equity, and the financing provided by non-owners is represented on the balance sheet as Liabilities.