Financial statements: Which item does not appear on a company’s balance sheet? Select the option that belongs to the income statement rather than the balance sheet.
General Knowledge
Indian Economy
Difficulty: Easy
Choose an option
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AShare capital
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BTrade receivables (debtors)
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CPlant and machinery (fixed assets)
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DSales revenue (turnover)
Answer
Correct Answer: Sales revenue (turnover)
Explanation
ConceptThe balance sheet shows assets, liabilities, and equity at a point in time. Sales revenue is an income statement (profit & loss) item over a period.
Final AnswerSales revenue (turnover)