A balance sheet includes which of the following? (A) Expenses (B) Intangibles (C) Return on owners' equity (D) Sales - HSC - SSCE Business Studies - Question 5 - 2002 - Paper 1

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It includes assets, liabilities, and equity. Out of the options provided:

• (A) Expenses: These are recorded in the income statement, not the balance sheet.
• (B) Intangibles: This is correct as intangible assets (like patents or trademarks) are included on a balance sheet under assets.
• (C) Return on owners' equity: This is a performance measure, not included on the balance sheet.
• (D) Sales: This is also part of the income statement.

Thus, the correct answer is (B) Intangibles.