Balance sheet does not disclose information relating to ___________.

asset

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loss of markets

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liabilties

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investment

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Solution

The correct option is A loss of markets
Financial statements of the company record the assets at historical cost and not at market price. They fail to record the profit/loss that arise from the fluctuations in the market price of the assets. Hence, we can say that the financial statements do not show the complete picture of the business.

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Summary of his Cash Book
	(₹)		(₹)
To Balance b/d	8,100	By Payment to Creditors	56,200
To Received from Debtors	75,000	By Carriage	1,270
To Cash Sales	52,000	By Salaries	24,000
To Sales of Old Newspapers	420	By Rent	16,000
To Loan from Mrs. Khanna @ 15%p.a. on 1st July, 2011	8,000	By Purchases of Cycle for his son	1,500
		By Furniture Purchased	12,000
		By Balance c/d	32,550

	1,43,520		1,43,520

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