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Format of an Account

Which of the ...

Question

Which of the following is not a type of account?

A

Capital

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B

Liability

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C

Asset

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D

Trial Balance

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Solution

The correct option is D
Trial Balance

Trial balance is not a type of account.

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Q. Under the accrual concept, which one of the following will not be shown as an asset/liability in the balance sheet of an entity?

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