Which account does not appear on the balance sheet?

[niyati]

I’m reviewing financial statements and got confused:
Which accounts are not shown on the balance sheet?
I know assets, liabilities, and equity are there, but what about revenue or expense accounts? Would appreciate a clear explanation!

 

[danisjohn]

The income statement accounts—like revenue, expenses, and net income—do not appear on the balance sheet. These accounts reflect a company’s performance over a period and are closed at the end of each accounting cycle. In contrast, the balance sheet only shows permanent accounts like assets, liabilities, and equity.

 

[Gsusangrey]

Accounts from the income statement do not appear on the balance sheet. Examples include Revenue, Cost of Goods Sold, and Operating Expenses (like salaries, rent, advertising). These show performance over a period, while a balance sheet is a snapshot in time.

 

[robertwilliam]

Several accounts do not appear directly on a balance sheet. These include revenue, expenses (like Cost of Goods Sold and operating expenses), net income, and dividends declared.

 

[rajat]

Expense accounts do not appear on the balance sheet. The balance sheet shows assets, liabilities, and equity, which represent financial position at a point in time. Expenses are recorded on the income statement, reflecting costs during a period, so they don’t appear as accounts on the balance sheet