Accounting Mcqs

Which of the following statements is false ? select the false from below options

(A) Balance Sheet discloses financial position of the business

(B) A person who owes to the business is called Debtor

(C) Decrease in the value of the asset could decrease the value of a liability

(D) Assets are to be shown in the Balance Sheet at the realizable value

Submitted By: Ali Uppal

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