Are the following statements true or false? Find reasons for your answers in A and B opposite.
1 British and American balance sheets show the same information, but arranged differently.
2 The revenue of the company in the past year is shown on the balance sheet.
3 The two sides or halves of a balance sheet always have the same total.
4 The balance sheet gives information on how much money the company has received from sales of shares
5 The assets total is always the same as the liabilities total.
6 The balance sheet tell you how much money the company owes.