Items shown in the balance sheet as asset includes?

A. debit balance on drawings account
B. debit balance on a customer’s account
C. credit balance on the capital account
D. credit balance on a supplier’s account

Correct Answer:

Option B – debit balance on a customer’s account

Explanation

The items which are generally present in all the balance sheet includes assets like cash, inventory, account receivable, investments, prepaid expenses and fixed assets.