Accountancy, asked by aryan115594, 1 month ago

25. Balance sheet is an account. True False

Answers

Answered by lanamaryfernandes200

Answer:

false

Explanation:

Financial statement showing all assets and liabilities is called the Balance sheet. It is not an account. It is a position statement which shows various assets owned by the firm and various liabilities owned by it.

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25. Balance sheet is an account. True False​

Answers

25. Balance sheet is an account. True False