Concept:A balance sheet is a financial statement that shows the financial position of a business on a particular date.
It is divided into assets and liabilities.
Explanation:A balance sheet lists what the business owns as assets and what it owes as liabilities.
Capital or owner’s equity is shown on the liability side because it represents the owner’s claim against the business.
It does not show only fixed assets and current assets.
It also does not show only assets and long-term liabilities.
The best answer is that a balance sheet shows assets and liabilities.
Answer:C. assets and liabilities