Advertisements
Advertisements
प्रश्न
It is a financial statement which sets out the assets and liabilities of a trading or non-trading organisation as on a certain date.
विकल्प
Trading Account
Profit and loss account
Balance sheet
Manufacturing account
उत्तर
Balance sheet
Explanation:
The statement of financial position, often called the balance sheet, is a financial statement that reports a company's assets, liabilities, and equity on a given date.
APPEARS IN
संबंधित प्रश्न
What are the features of a Balance Sheet?
The excess of assets over liabilities represents the ______ of the owner.
Distinguish between a Profit and Loss Account and a Balance Sheet.
The main use(s) of a Balance Sheet for a non-trading organisation is/are ______.
It is always prepared on a particular date.
It is not an account but a statement.
Which of the following is not a feature of Balance Sheet?
"A trading account reveals the financial position of an organisation." Comment.
Receipts and payments account serves as the basis for preparing the balance sheet of non-trading organisation.
Write a short note on Role of Balance Sheet in decision making.
