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प्रश्न
If a liability is left out while preparing the balance sheet, how does it affect the financial position shown?
पर्याय
Business looks weaker
Only assets are affected
Business appears richer than it really is
No effect on financial reporting
MCQ
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उत्तर
Business appears richer than it really is
Explanation:
Missing liabilities make the business seem financially stronger, as not all debts are shown.
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