Question

6. Liability- side of the balance-sheet
comprises:
O A. Capital and reserve
O B. Long-term liabilities
O c. Current liabilities
D. All of the above​

Answer 1

Answer:

D

Explanation:

answer-

all of the above,, liability consists capital and reserve, no current liabilities and current liabilities

Answer 2

ANSWER :

★ Option (D) All of the above

• ❒ Liability-side of the balance sheet comprises all of the above mentioned items. It includes Capital and Reserve, Long-term Liabilities and Current Liabilities.

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MORE TO KNOW :

❖ Balance Sheet is a part of final accounts that shows the amount of assets and liabilities on a particular date. With the preparation of Balance Sheet, the financial position of a business can be ascertained.

• ✎ The right hand side of a Balance Sheet is known as Assets side. All the assets owned by a business are shown in this side.

• ✎ The left hand side of a Balance Sheet is known as Liabilities side. All the liabilities that a required to pay by a business are shown in this side.