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Outstanding expenses and the incomes received for next year will be shown under ______. -

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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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