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    Dell's Avatar
    Dell Posts: 20, Reputation: 1
    New Member

    Feb 12, 2006, 07:45 AM
    Balance Sheet
    1- The current section of a balance sheet includes which one of the following accounts?

    1- Office Expenses
    2- Accumulated depreciation
    3- Advances from Clients
    4- Mortgage Payable

    Thanks for your help
    LeeAnnMemphis's Avatar
    LeeAnnMemphis Posts: 58, Reputation: 6
    Junior Member

    Feb 12, 2006, 10:33 AM
    Office Expenses- that is an Expense, goes on income statement.
    Accumulated deprecation- Long term asset
    Mortgage payable- that is a long term liability
    Advances from Client- that is a current liability, so
    3 is the answer.
    Dell's Avatar
    Dell Posts: 20, Reputation: 1
    New Member

    Feb 12, 2006, 10:50 AM
    Thank you for your help.
    manik chand dey's Avatar
    manik chand dey Posts: 63, Reputation: 2
    Junior Member

    Dec 15, 2007, 02:41 AM
    Advances from clients

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