Reference no: EM133143915

Question - Managing the balance sheet can be more difficult than it needs to be. Many of the reasons deal with how company's leaders compound or exacerbate the process. So what happens when there are problems with financial consequences? They may be swept under the rug with dishonest accounting, or they are reported much later than would be the case in a well-managed company. It is essential and not difficult to get the accounting right when the accountant clearly understands the elements of the balance sheet (Norton, 2012). Provide the names of two (a) asset accounts, (b) liability accounts, and (c) equity accounts.