Balance sheet accounts are arranged into general categories.

Three (3)

Explanation:

Balance sheet contains the assets (resources owned by the business), liabilities (obligations to 3rd parties) and owners' equity (obligation to owners).

These items are related as

Assets = liabilities + owners' equity

Hence Balance sheet accounts are arranged into 3 general categories namely Assets, Liabilities and Equity.

i would ask my boss to do more things around the car shop. and i would slowly work my way up to working on cars and becoming a full time mechanic.

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