Another name for the balance sheet is the a. Statement of operations. b. Statement of profit and

Question:

Another name for the balance sheet is the

a. Statement of operations.

b. Statement of profit and loss.

c. Statement of earnings.

d. Statement of financial position.

Select the best choice from among the possible answers given.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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