BECE Business Studies 2022 Objective — Question 58
Question 58 of 119 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2022 Objective paper, with the correct answer and a full explanation.
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Which of the following is not a balance sheet item?
- A. Equipment
- B. Furniture
- C. Land and building
- D. Motor vehicle
- E. Rent and ratesCorrect
Explanation
Rent and rates is an expense in the profit and loss account.
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