Question

balance sheet shows a true and a ---- view of the assets and liabilities​

Answer 1

Answer:

statement.

Explanation:

balance sheet is statement of assets and liabilities.

Answer 2

Explanation:

liability is something a person or company owes, usually a sum of money. ... In the world of accounting, a financial liability is also an obligation but is more defined by previous business transactions, events, sales, exchange of assets or services, or anything that would provide economic benefit at a later date