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Identify the true statement of the following.
1. Balance sheet is always prepared from the point of view of the business, but not from, that of the owners.
2. The financial relationship of the business to its owners is shown in the balance sheet.
3. Balance sheet is always related to a period of time.

Identify the true statement of the following.
1. Balance sheet is always prepared from the point of view of the business, but not from, that of the owners.
2. The financial relationship of the business to its owners is shown in the balance sheet.
3. Balance sheet is always related to a period of time. Correct Answer All of the above

Related Questions

Which of the following is true?
i. Balance sheet is alway sprepared from the point of view of the business, but not from the point of view of the owners.
ii. The financial relationship of the business to its owners is shown in the balance sheet.
iii. Balance sheet is always related to a period of time.
Which one of the following is the correct sequence of various stages of operating cycle of a manufacturing company?  1. Raw material conversion period, work-in-progress conversion period, Finished goods conversion period, Receivables conversion period 2. Raw material conversion period, work-in-progress conversion period, Creditors payment period, Receivables conversion period 3. Creditor payment period. Raw material conversion period, Receivables conversion period, work-in- progress conversion period 4. Raw material conversion period, Finished goods conversion period, work-in- progress conversion period. Receivables conversion period 
How far is point 'R' from Point 'T'? Statement (I): Point 'R' is 5 metres to the north of point 'M'. Point 'U' is 4 metres to the east of point 'R'. Point 'T' is to the west of point 'R' such that points 'U' 'R' and 'T' form a straight line of  metres. Statement (II): Point 'Z' is metres to the south of point 'T'. Point 'U' is  metres to the east of point 'T'. Point 'M' is  metres to the east of point 'Z'. Point 'R' is  metres to the north of point 'M'. Point 'R' lies on the line formed by joining points 'T' and 'U'.
Point A is 3m in the north of point B. Point D is 2m in the east of point E. Point F is 9m in the west of point G. Point C is 4m in the west of point B. Point C is 3m in the south of point D. Point F is 5m in the south of point E. Point H is 5m in the north of point G. What is the shortest distance between point H and point A?
A complete set of financial statements under Ind AS includes the following.
1. Balance sheet at the end of the period.
2. Statement of profit and loss for the period.
3. Statement of changes in equity for the period.
4. Statement of cash flow for the period.
5. Balance sheet at the beginning of the preceding period.
Which statements given above are correct?
Point P is 4m in the west of point V. Point R is 6m in the north of point Q. Point T is 5m in the south of point S. Point V is in the middle of point R and Q. Point U is 5m in the east of point R. Point V is in north of point Q. Point S is 5m in the east of point V. What is the area of triangle formed by point P, R and Q?
Study the following information and answer the questions. Point A is 8m to the west of Point B. Point C is 4m to the south of Point B. Point D is 4m to the east of Point C. Point F is 6m to the north of Point D. Point E is 8m to the west of Point F. Point G is 2m to the south of Point E. How far and in which direction is Point G from Point A?
Study the following information and answer the questions. Point A is 8m to the west of Point B. Point C is 4m to the south of Point B. Point D is 4m to the east of Point C. Point F is 6m to the north of Point D. Point E is 8m to the west of Point F. Point G is 2m to the south of Point E. If point G is 4m to the north of Point H, then what is the distance between H and D?
Which of the following is not an agreement in restraint of trade?
1. A sells the goodwill of his business with an agreement not to carry on a similar business within specified local limits, so long as the buyer carries on a similar business.
2. A sells the goodwill of his business with an agreement not to carry on a similar business within India, so long as the buyer carries on a similar business.
3. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years.
4. A sells the goodwill of his business with an agreement not to engage in any business competing or liable to compete in any way with the business for the time being carried on by the buyer.
Garima starts walking towards the south from point R. He walks for 5m to reach Point S then turns right and walks for 2m to reach point T from there he turns left and walks for 3m to reach Point Z. He then turns right from point Z and walks for 6m to reach point Y and then turns right and walks for 3m to reach point X. He then turns right from point X and walks for 4m to reach point W and then turns left and walks for 5m to reach point V and then turns left and walks for 4m till point U and stops. What is the shortest distance between point V and point R?