J.P. Morgan interview question

Which side of the BS is Equity on?

Interview Answers

Anonymous

16 Dec 2010

Credit side

5

Anonymous

27 Apr 2012

It is a source of Fund, comes under Owner's fund

3

Anonymous

19 Dec 2012

There are two types of balance sheet. 1) Acount form 2) Report form In account form Assets are on left side that is debit side. Liabilities and equity are on credit side that is right hand side. In report form everything is under one vertical line that is first is assets then followed by liabilities and owner's equity.

Anonymous

20 Jul 2017

Asset side

2

Anonymous

22 Aug 2010

Liabilities

8