CameraIcon

SearchIcon

MyQuestionIcon

5

You visited us 5 times! Enjoying our articles? Unlock Full Access!

Analysing Comparative Balance Sheet

Select the mo...

Question

Select the most appropriate alternative from those given below:
_______ is a statement which shows the financial position of business on a specified date.

A

Trading Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Trail Balance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Balance Sheet

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Profit and Loss A/c

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Balance Sheet
Balance sheet is a statement which shows the financial position of business on a specified date. It shows the balances of assets and liabilities at a particular time, which is at the end of the year. It is one of the main financial statements of the company.

Suggest Corrections

thumbs-up

1

Similar questions

Q. Select the most appropriate alternative from those given below and rewrite the statement.

A statement showing financial position of the business is called as _________________.
a) balance sheet
b) trial balance
c) capital
d) trading A/c

Q. Select the most appropriate alternative from those given below and rewrite the statement.

Final accounts are prepared on the basis of _________________ and adjustments.
a) trial balance
b) capital A/c
c) trading A/c
d) profit and loss A/c

Q. Select the most appropriate alternatives from those given below and rewrite the sentence :

Wages A/c is transferred to ________ A/c.
a) Trading A/c
b) Profit And Loss A/c
c) Trial Balance
d) Any

Q. Select the most appropriate alternative from those given below and rewrite the statement.

_________________ is the list of all ledger balances.
a) balance sheet
b) trial balance
c) trading A/c
d) profit and loss A/c

Q. Select the most appropriate alternative from those given below:
Opening Stock is entered in a Trading a/c on the _______ side.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Comparative Financial Statement

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Analysing Comparative Balance Sheet

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon