Which item is not typically shown on a balance sheet?

• A. Assets
• B. Net Worth
• C. Liabilities
• D. Revenue

Answer: (D)

Revenue is not shown on a balance sheet because a balance sheet represents a snapshot of what a business owns and what it owes at a specific moment—assets, liabilities, and equity. Revenue, however, is a measure of income earned over a period and is reported on the income statement, not the balance sheet. It reflects money coming in from sales, and its effect is realized through net income and, over time, retained earnings in the equity section. So while the results of revenue (net income) eventually influence owners’ equity, the revenue amount itself is not a balance sheet item.