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  • Feb 12, 2006, 07:45 AM
    Dell
    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
    Dell
  • Feb 12, 2006, 10:33 AM
    LeeAnnMemphis
    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.
  • Feb 12, 2006, 10:50 AM
    Dell
    Thank you for your help.
    Dell
  • Dec 15, 2007, 02:41 AM
    manik chand dey
    Advances from clients

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