A financial statement to show what a business owns and owes at a particular point in time -

A cash flow statement

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The bank statement for the business

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A balance sheet

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A statement of retained earnings

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Solution

The correct option is C
A balance sheet

A financial statement to show what a business owns and owes at a particular point in time is Balance Sheet

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Similar questions

Q. _______ is a financial statement that shows the financial status of a business entity at a particular point of time.

______ is prepared to ascertain the financial result of a business operation over a given period of time and ______ shows the financial position of a business at a particular date.

Q. Objective type questions :-
Answer in one sentence only.

A statement showing financial position of the business on a particular date.

Q. Which of the following financial statements shows the financial position of a business?

Q. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reasons (R).

Assertion (A) - The income statement and the balance sheet are financial statements that show the cash flows in and out of the business unit.

Reason (R) - The general purpose of financial statements is to show the financial position and performance of a business unit.

In the context of the above two statements, which of the following is correct?

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A financial statement to show what a business owns and owes at a particular point in time -

The correct option is C A balance sheet A financial statement to show what a business owns and owes at a particular point in time is Balance Sheet

The correct option is C
A balance sheet

A financial statement to show what a business owns and owes at a particular point in time is Balance Sheet