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Commerce · Q264

Accounting

Graduate and Post Graduate · Commerce · question 264

Q264

Which of the following is not an item of Balance Sheet?

A.
Accounts receivable
B.
Accounts payable
C.
Sales revenue
Answer
D.
Marketable securities

Answer: Option C

Solution

Answer: Option C
Solution:
Sales revenue is not an item of Balance Sheet. Sales revenue is the amount realized by a business from the sale of goods or services.