Items shown in the balance sheet as asset includes
...Items shown in the balance sheet as asset includes
Debit balance on drawings account
Debit balance on a customer's account
Credit balance on the capital's account
Credit balance on a supplier's account
Correct answer is B
The items which are generally present in all the balance sheet includes assets like cash, inventory, account receivable, investments, prepaid expenses and fixed assets.
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Use the following information to answer the given question BOUGHT LEDGER CONTROL ACCOUNT: \(\beg...