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QUESTION 14 Which of the following statements about the narrative form of a balance sheet is true? All elements of the balance sheet are listed
QUESTION 14 Which of the following statements about the narrative form of a balance sheet is true? All elements of the balance sheet are listed in one column. It resembles a T-shaped ledger account. In Australia, the narrative form of balance sheet is less common than the account form. It shows the accounting equation as Assets = Liabilities + Equity
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