📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Financial position of the business is ascertained on the

    basis of?
    A Records prepared under book-keeping process Correct Answer Incorrect Answer
    B Trial balance Correct Answer Incorrect Answer
    C Balance Sheet Correct Answer Incorrect Answer
    D Statement of Profit and loss Correct Answer Incorrect Answer
    E Fund Flow Statement Correct Answer Incorrect Answer

    Solution

    The balance sheet is one of the financial statements prepared by a business to provide information about its financial position at a specific point in time. The balance sheet shows the assets, liabilities, and equity of the business, and provides a snapshot of the business's financial position on the date the balance sheet is prepared.

    Practice Next
    More The Management Basics Questions

    Relevant for Exams:

    ask-question