Which of the following is a category or element of the balance sheet?

Expenses

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Gains

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Liabilities

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Losses

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Liabilities

Liability is a category or element of the balance sheet

Suggest Corrections

Similar questions

Q. We do the revaluation of assets and liabilities because only the partners want to share all the gains or losses between them.

Q. State the ratio in which the partners share the gain or loss on revaluation of assets and liabilities.

Which of the following comes under category Liabilities?

We do the revaluation of assets and liabilities because the ____________ partners wanted to share all the gains or losses between them without involving the _________ partner

Q. Short answer type question:
State the ratio in which the partners share gain or loss from revaluation. of assets and liabilities.

Join BYJU'S Learning Program

Which of the following is a category or element of the balance sheet?

The correct option is C Liabilities Liability is a category or element of the balance sheet

The correct option is C
Liabilities

Liability is a category or element of the balance sheet