Which of the following accounts are included in balance sheet accounts?

The selection that includes assets, liabilities, and owners' equity is indeed the correct answer because these are the primary categories of accounts reflected on a balance sheet. The balance sheet provides a snapshot of a company's financial position at a specific point in time, presenting what the company owns (assets), what it owes (liabilities), and the residual interest of the owners (owners' equity) after settling all liabilities.

Assets constitute everything the company owns, such as cash, inventory, and property. Liabilities represent the debts or obligations that the company needs to pay to outside parties. Owners' equity indicates the owner's claim after all liabilities have been deducted from the assets, highlighting the net worth of the business.

The other options don't accurately reflect the structure of a balance sheet. For example, options that include revenues or expenses are more suited to the income statement, which summarizes a company's performance over a period rather than its financial position at a specific moment. Understanding this distinction is crucial for accurate financial reporting and analysis.