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." Account format Report format ①A. No Yes ②B. Yes No ③C. No No A．① B．② C．③

【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 fight hand side. With a report format, the assets, liabilities, and equity are presented in a single column.