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प्रश्न
Why must a balance sheet always tally?
विकल्प
To show profit
To ensure Assets = Liabilities + Owner’s Equity
To display only income
To include drawings
MCQ
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उत्तर
To ensure Assets = Liabilities + Owner’s Equity
Explanation:
The fundamental rule is the accounting equation,total assets must equal the sum of liabilities and owner’s equity.
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