wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Balance sheet is a(n) ____.

A
Statement
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Ledger
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Book
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Statement
Balance sheet is an statement prepared on a particular date for showing the financial position of the firm as on the date. This includes assets and liabilities.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Financial Statements of NPO
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon