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Which of the following items would not appear in a company's balance sheet?
- a)Value of stocks of raw materials held
- b)Total issued capital
- c)Revenue from sales of the company's products
- d)Cash held at the bank
Correct answer is option 'C'. Can you explain this answer?
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Which of the following items would not appear in a company's balance s...
Explanation:
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a given point in time. It consists of assets, liabilities, and equity. The total value of assets must always equal the total value of liabilities and equity.
The following items would appear in a company's balance sheet:
Assets:
- Value of stocks of raw materials held
- Cash held at the bank
Liabilities:
- Total issued capital
Equity:
- None mentioned
The correct answer is option 'C', revenue from sales of the company's products. This is because revenue is not a balance sheet item, but an income statement item. The balance sheet only includes items that have a monetary value at a specific point in time, while revenue is the total amount of money a company earns over a period of time.
In summary, the items that would appear in a company's balance sheet are assets, liabilities, and equity, while revenue from sales of the company's products would not appear in a balance sheet.
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a given point in time. It consists of assets, liabilities, and equity. The total value of assets must always equal the total value of liabilities and equity.
The following items would appear in a company's balance sheet:
Assets:
- Value of stocks of raw materials held
- Cash held at the bank
Liabilities:
- Total issued capital
Equity:
- None mentioned
The correct answer is option 'C', revenue from sales of the company's products. This is because revenue is not a balance sheet item, but an income statement item. The balance sheet only includes items that have a monetary value at a specific point in time, while revenue is the total amount of money a company earns over a period of time.
In summary, the items that would appear in a company's balance sheet are assets, liabilities, and equity, while revenue from sales of the company's products would not appear in a balance sheet.
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Which of the following items would not appear in a company's balance sheet?a)Value of stocks of raw materials heldb)Total issued capital c)Revenue from sales of the company's products d)Cash held at the bankCorrect answer is option 'C'. Can you explain this answer?
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