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

Accounting Mcqs
BILAL KHATTAK0

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 

Related Mcqs:

  1. Which of the following statements best describes the purpose of depreciation??
  2. Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be??
  3. The main objective of providing depreciation is to??
  4. Which of the following statements are / is true? – Events after Balance Sheet are??
  5. Which of the following statements is most closely associated with analytical procedure applied at substantive stage??
  6. Which of the following statements is correct about Trial Balance??
  7. Outstanding salaries is shown as___________??
  8. Arrangement of Balance Sheet in a logical order is known as __________??
  9. For which step of accounting process the accountants of business entity prepare financial statements??
  10. Which of the following is not true about opinion on financial statements??

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