Multiple Choice
A business has two bank accounts: one has a positive balance of 50 CU and the second has a negative balance of 70 CU.What should be reported in the balance sheet?
A) A net negative balance of 20 CU on the assets side.
B) A net negative balance of 20 CU on the liabilities side.
C) A balance of 70 CU on the assets side and a balance of 50 CU on the liabilities side.
D) A balance of 50 CU on the assets side and a balance of 70 CU on the liabilities side.
Correct Answer:
Verified
Correct Answer:
Verified
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