Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

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

user-image
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

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.