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Which of the following statements is false ? select the false from below options
Accountingmedium
ABalance Sheet discloses financial position of the business
BA person who owes to the business is called Debtor
CDecrease in the value of the asset could decrease the value of a liability
Assets are to be shown in the Balance Sheet at the realizable value fixed assets are to be shown in the Balance Sheet at their actual cost.
Correct Answer: D. Assets are to be shown in the Balance Sheet at the realizable value fixed assets are to be shown in the Balance Sheet at their actual cost.
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