मराठी

Why must a balance sheet always tally?

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प्रश्न

Why must a balance sheet always tally?

पर्याय

  •  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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