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Items shown in the balance sheet as asset includes

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Accounts - Principles of Accounts WAEC 2022

Items shown in the balance sheet as asset includes

  • debit balance on drawings account
  • debit balance on a customer's account checkmark
  • credit balance on the capital's account
  • credit balance on a supplier's account

The correct answer is: B

Explanation

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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