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Which of the following is not one of the balance sheet principles of assets ?
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| a) |
Assets that are used in business activities for more than one year and do not turn into money within one year are shown in the Current Assets group in the balance sheet.
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| B) |
In order to be able to present the assets with their fair values at the balance sheet date, impairments in assets should be shown and appropriate provisions should be made.
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| NS) |
In order to show the bills receivable in the current assets and fixed assets groups with their fair values on the balance sheet date, rediscount transactions should be made on the bills.
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| D) |
Expenses for future periods paid in advance and income accrued in the current period but to be collected in future periods should be shown separately in the balance sheet.
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| TO) |
Receivables; Securities, subsidiary securities and parts of liabilities that belong to partnerships, personnel, affiliates and subsidiaries with which the enterprise is related in terms of capital and management should be shown separately.
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Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.
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