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
fixed assets are to be shown in the Balance Sheet at their actual cost.
Correct Answer: Assets are to be shown in the Balance Sheet at the realizable value ✔
Last Updated: September 12, 2018