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प्रश्न
It is a statement of assets and liabilities. It is prepared to judge the financial position on a particular date.
विकल्प
Receipts and Payments Account
Income and Expenditure Account
Balance Sheet
None of these
उत्तर
Balance Sheet
Explanation:
Balance Sheet means a statement which shows the assets and liabilities of an organisation and its capital on a particular date. It depicts the financial position of the organisation on a specified date.
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संबंधित प्रश्न
What are the features of a Balance Sheet?
______ is a financial statement which sets out assets and liabilities as on a certain date.
Why is a Balance Sheet prepared?
______ shows the financial position of the organization.
All membership fees collected by a non-trading concern must be entered in the assets side of the balance sheet. Justify for or against.
"A trading account reveals the financial position of an organisation." Comment.
State any two uses of Balance Sheet.
Balance sheet is an Account. Justify.
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.
