Balance sheet is prepared for a ____________
A) Period
B) On a particular date
C) Entire life of busines
Correct Answer:
Verified
Q59: Balance sheet is an _
A)Statement
B)Account
C)Bot
Q60: Wages paid on for the erection of
Q61: Income tax is debited to _
A)Profit and
Q62: Goods taken by the proprietor for personal
Q63: Asset that can be converted into cash
Q65: Income received in advance is an _
A)Asset
B)Liability
C)Expense
Q66: If goods are destroyed by fire ,
Q67: Provision for account on creditors has a
Q68: Income earned but not received to known
Q69: Prepaid expense is _ to the business
A)Asset
B)Liability
C)Expense
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