Which of the following is not a part of a balance sheet?

Assets
Taxes
Liabilities
Capital

1 answer

The item that is not a part of a balance sheet is "Taxes."

A balance sheet typically comprises three main components: Assets, Liabilities, and Equity (Capital is often considered part of Equity). Taxes may be reflected as a liability under specific circumstances (like income tax payable), but taxes themselves are not a distinct category on the balance sheet.