Which of the following statements is true?
A) The balance of the goods account shows the value of stock in hand.
B) Balancing of all accounts must be done at the end of each day.
C) Assets which are to remain in business for continuous use and not meant for conversion into cash are fixed assets .
D) Balance Sheet discloses income position of the business
Correct Answer:
Verified
Q11: Which of the following is not a
Q12: If unexpired insurance appears in the Trial
Q13: Which of the following are/is not a
Q14: Tax deducted at source appears in the
Q15: Which of the following statements is false?
A)Balance
Q17: The Balance Sheet gives information regarding the
A)Results
Q18: Which of the following accounts appear(s) in
Q19: Which of the following is not an
Q20: Which of the following is a current
Q21: Based on which of the following concepts,
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