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easyMCQCUET Accountancy 2022 30 Aug Shift 22026Accountancy
1 mark

While preparing common-size Balance sheet, each item of Balance sheet is expressed as of

  1. A
    Non-current assets
  2. B
    Current assets
  3. C
    Non-current liabilities
  4. D
    Total assets or total liability

Solution & Step-by-step Explanation

In a common-size balance sheet, total assets or total liabilities + equity is taken as , and every other item is expressed as a percentage of this total.

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While preparing common-size Balance sheet, each item of Balance sheet is expressed as of
A
Non-current assets
B
Current assets
C
Non-current liabilities
D
Total assets or total liability

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