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प्रश्न
Which of the following is not a feature of Balance Sheet?
पर्याय
It is statement.
Reflects profit and loss of an organization.
It shows Capital Fund of the organization.
It shows financial position of the organization.
उत्तर
Reflects profit and loss of an organization.
Explanation:
The Balance Sheet does not reflect an organization's profit or loss. Instead, the profit or loss is reflected in the Income and Expenditure Account.
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संबंधित प्रश्न
It is a financial statement which sets out the assets and liabilities of a trading or non-trading organisation as on a certain date.
______ is not an account but only a statement of assets and liabilities.
Why is a Balance Sheet prepared?
The main use(s) of a Balance Sheet for a non-trading organisation is/are ______.
It is always prepared on a particular date.
It is not an account but a statement.
______ shows the financial position of the organization.
"A trading account reveals the financial position of an organisation." Comment.
Balance sheet is an Account. Justify.
Receipts and payments account serves as the basis for preparing the balance sheet of non-trading organisation.
