22. Which one of the following is not a part of the balance sheet?

A. Prepayments
B. Short-term loans
C. Interest
D. Creditors

Question

Frank Mwansa · Answer

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

حسين محمد ياسين · Answer

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

Abdul Qayyum Mohammed · Answer

C. Interest

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

HASSAN AHMED · Answer

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 · Answer

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