Which of the following statements is false ? select the false from below options
AAssets are to be shown in the Balance Sheet at the realizable value
BDecrease in the value of the asset could decrease the value of a liability
CA person who owes to the business is called Debtor
DBalance Sheet discloses financial position of the business
Correct answer
A. Assets are to be shown in the Balance Sheet at the realizable value
Explanation
fixed assets are to be shown in the Balance Sheet at their actual cost.