Advertisements
Advertisements
प्रश्न
It is always prepared on a particular date.
विकल्प
Receipts and Payments Account
Income and Expenditure Account
Balance Sheet
None of these
उत्तर
Balance Sheet
Explanation:
A Balance Sheet is a statement showing an organisation's assets and liabilities and capital on a particular date.
APPEARS IN
संबंधित प्रश्न
What is a Balance Sheet?
A ______ is a statement of assets and liabilities at the end of the period. It shows the financial position of a business on a certain date and represents the third and final stage.
______ is not an account but only a statement of assets and liabilities.
Distinguish between a Profit and Loss Account and a Balance Sheet.
It is a statement of assets and liabilities. It is prepared to judge the financial position on a particular date.
The main use(s) of a Balance Sheet for a non-trading organisation is/are ______.
"A trading account reveals the financial position of an organisation." Comment.
State any two uses of Balance Sheet.
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.
