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22. Which one of the following is not a part of the balance sheet? A. Prepayments B. Short-term loans C. Interest D. Creditors

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Question added by Aamir Ali , Executive , National Database and Registration Authority NADRA
Date Posted: 2016/03/25
Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

INTEREST . However accrued interest will be treated as a liability in the balanced.

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

C. Interest .............................................

Abdul Qayyum Mohammed
by Abdul Qayyum Mohammed , Sales And Marketing Manager , Zafar Naji Al-Muthlaq Contracting Establishment

C. Interest

Interest is either income or expense. Therefore, the interest is not a part of balance sheet.

HASSAN AHMED
by HASSAN AHMED , Internal Auditor , TIE

Right answer is C. Interest will be expense or income hence it will not be a part of balance sheet

FARES AHMMED SHARF AL-AKHALI
by FARES AHMMED SHARF AL-AKHALI , محاسب قانوني معتمد , فارس الأكحلي محاسب قانوني معتمد

No.C. Interest .......thank you

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