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  • Financial Accounting - Commerce
  • Balance sheet is also a ledger account.
Multiple choice

Balance sheet is also a ledger account.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Explanation: Balance sheet is a statement of account as on a particular date (it is a position as on a given date). A Ledger account shows transactions over a period of time.

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