Which of the following dose not included in the Government accounting Balance sheet: 1) Asset, 2) Cost, 3) Liability, 4) Surplus.

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Shakil

  • Apr 25th, 2006
 

My understanding is that, the Cost is a part of Income Statement.It is not shown in the Balance Sheet.Shakil

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phanindra prakash

  • Sep 29th, 2006
 

I think that govt. doesn't prepare a balance sheet

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anitha

  • Jul 7th, 2007
 

I think Surplus, Government uses all the resources for society.

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rama krishna

  • Jul 16th, 2007
 

I think it is cost, because it is a part of trading or profit & loss account

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