单选题

Is the following statement an accurate description of the account format and report format of presenting a balance sheet?
“The account format presents the asset, liability, and equity accounts in a single column while a report format presents the assets, liabilities, and equity in multiple columns.”（）

【正确答案】 C

【答案解析】

The account format follows the traditional ledger account, assets on the left hand side and liabilities and equity on the right hand side. With a report format, the assets, liabilities, and equity are presented in a single column.