Question

Assets side of Balance sheet represents debit balance.
1 अंक
True
False​

Answer 1

Answer:

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Answer 2

The assets side of the Balance sheet represents the debit balance.

This statement is true.

• A balance sheet is a financial statement that represents the assets, liabilities, and shareholder equity of a company.
• A balance sheet shows the company owns, and what is left over in the company.
• Assets are the resources owned by a business or a company.
• And debit means an entry recorded for the payment made.
• Assets are the debits of a company

So we can say that the Assets side of the Balance sheet represents the debit balance.

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