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Do you agree or disagree with the following statements: Accumulated profit is to be shown on Assets side of Balance sheet.

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Question

Do you agree or disagree with the following statements:

Accumulated profit is to be shown on Assets side of Balance sheet.

Options

  • Agree

  • Disagree

MCQ
True or False
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Solution

No, I Disagree with the given statement.

shaalaa.com
Admission of Partner> Reserves and Accumulated Profit/Losses - General Reserve
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