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Question
Outstanding expenses and the incomes received for next year will be shown under ______.
Options
Assets and Liabilities side of the Balance Sheet
Liabilities and assets side of the Balance Sheet
Liabilities side of the Balance Sheet
Assets side of the Balance Sheet
MCQ
Fill in the Blanks
Solution
Outstanding expenses and the incomes received for next year will be shown under liabilities side of the Balance Sheet.
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Preparation of Balance Sheet
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