Vidyalelo
Commerce · Q16

Accounting

Graduate and Post Graduate · Commerce · question 16

Q16

Balance sheets are prepared

A.
Daily
B.
Weekly
C.
Monthly
D.
Annually
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Balance sheets are prepared annually. It lists the current and fixed assets on the left side of the sheet and liabilities and owner's equity (capital) on the right.
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