Identify each account type as being associated with the balance sheet or the profit and loss (P&L) statement. A. Asset accounts Balance Sheet P&L Statement B. Expense accounts Balance Sheet P&L Statement C. Equity accounts Balance Sheet P&L Statement D. Income accounts Balance Sheet P&L Statement E. Liability accounts Balance Sheet Identify each account type as being associated with the balance sheet or the profit and loss (P&L) statement. A. Asset accounts Balance Sheet P&L Statement B. Expense accounts Balance Sheet P&L Statement C. Equity accounts Balance Sheet P&L Statement D. Income accounts Balance Sheet P&L Statement E. Liability accounts Balance Sheet P&L Statement.