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Question

All items of ________ value are shown under Balance Sheet.

A
Capital
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B
Revenue
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C
Deferred
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D
None
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Solution

The correct option is A Capital

The balance sheet presents a company's financial position at the end of a specified date. Some describe the balance sheet as a "snapshot" of the company's financial position at a point (a moment or an instant) in time.

All items of capital nature are shown in balancesheet i.e., Assets, liabilities and owner's capital.


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