A business has two bank accounts: one has a positive balance of 100 CU and the second has a negative balance of 40 CU. What should be reported in the balance sheet? (a) A net positive balance of 60 CU...

A business has two bank accounts: one has a positive balance of 100 CU and the second has a negative balance of 40 CU. What should be reported in the balance sheet? (a) A net positive balance of 60 CU on the assets side (b) A net positive balance of 60 CU on the liabilities side (c) A balance of 100 CU on the assets side and a balance of 40 CU on the liabilities side (d) A balance of 40 CU on the assets side and a balance of 100 CU on the liabilities side



May 26, 2022
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