Find the odd one: General reserve account, Creditors account, Machinery account, Capital account.
Q.1 (C) (3) Find the odd one: General reserve account, Creditors account, Machinery account, Capital account.
Q.1 (C) (3) Find the odd one: General reserve account, Creditors account, Machinery account, Capital account.
Best answer
Answer: Machinery account
General reserve, creditors and capital are shown on the liabilities side of the balance sheet. Machinery is an asset.
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