gives a quick view of resources owned and obligations to be paid by a business entity.

Account

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Profit or Loss A/c

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Balance Sheet

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Trial Balance

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Solution

The correct option is C Balance Sheet
Balance sheet is a statement of assets, liabilities and capital that gives a quick view of resources owned and obligations to be paid by a business entity.

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Similar questions

State True or False: The resources owned by a business entity which give future benefits are called assets.

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