Correct Answer: Bank loan
Explanation:
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More Balance Sheet MCQ Questions
The balance sheet heading will specify a
Which of the following is an asset account?
What is the normal balance for contra asset accounts?
What is the normal balance for stockholders' equity and owner's equity accounts?
What is the normal balance for liability accounts?
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Notes Payable could not appear as a line on the balance sheet in which classification?
Which of the following is the accounting equation?