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Commerce · Q1698

Accounting

Graduate and Post Graduate · Commerce · question 1698

Q1698

Wages Outstanding' is appearing in the Trial Balance of a company. While preparing the Income Statement and Balance Sheet, 'Wages Outstanding' should appear in-

A.
the Balance Sheet only
Answer
B.
the Income Statement only
C.
both Income Statement and Balance Sheet
D.
neither Income Statement nor Balance Sheet

Answer: Option A

Solution

Answer: Option A
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