What is shown in a balance sheet?

Only those assets which are expressed in monetary terms

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Only those liabilities which are expressed in monetary terms

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Assets and liabilities expressed in non monetary terms

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Assets and liabilities expressed in monetary terms

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Solution

The correct option is C Assets and liabilities expressed in monetary terms
Balance sheet is a statement of assets and liabilities and according to money measurement concept those items which can be interpreted in terms of money are recorded and shown in financial books.
Thus, it can be said that those assets and liabilities which expressed in monetary terms is shown in a Balance Sheet.

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