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Financial Statements — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements1 Mark
Question
What is meant by 'Grouping' and 'Marshalling'a Balance Sheet?
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Answer

Grouping means showing the assets or liabilities of similar nature under a common heading and Marshalling means showing the assets and liabilities in a proper order.

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