Which of the following is not included in Balance Sheet?

Accounts payable

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Accounts receivable

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Sales

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Cash

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Solution

The correct option is D Sales
Sales is a main revenue generating activity of business which should be recorded in Trading account in the credit side.
Accounts payable is a current liability to be shown in balance sheet.
Accounts receivables is a current assets to be shown in balance sheet.
Cash is a current assets and to be shown in balance sheet.

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