Question

Which of the following is NOT included in the amounts listed on a bank’s balance sheet?

Answer 1

Answer:

Sales is a main revenue generating activity of business which should be recorded in Trading account in the credit side.

Accounts payable is a current liability to be shown in balance sheet.

Accounts receivables is a current assets to be shown in balance sheet.

Cash is a current assets and to be shown in balance sheet

Explanation:

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