A

Admin • 802.91K Points
Coach

Q. A statement which shows the assets and liabilities of a business is called:

  • (A) Trial Balance
  • (B) Profit and Loss Account
  • (C) Balance Sheet
  • (D) Cash Flow Statement
  • Correct Answer - Option(C)
  • Views: 4
  • Filed under category Accounting
  • Hashtags:
Explanation by: Admin
A Balance Sheet provides a snapshot of a company's financial position at a given point in time.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.