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प्रश्न
It is not an account but a statement.
विकल्प
Receipts and Payments Account
Income and Expenditure Account
Balance Sheet
None of these
उत्तर
Balance Sheet
Explanation:
A Balance Sheet is not an account but a statement. It provides a detailed summary of an organization’s financial position at a specific point in time, showing its assets, liabilities, and equity.
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संबंधित प्रश्न
What are the features of 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.
It is a financial statement which sets out the assets and liabilities of a trading or non-trading organisation as on a certain date.
The excess of assets over liabilities represents the ______ of the owner.
It helps the investor to know the earning capacity and financial health of the firm.
______ is a financial statement which sets out assets and liabilities as on a certain date.
Why is a Balance Sheet prepared?
It is a statement of assets and liabilities. It is prepared to judge the financial position on a particular date.
Balance sheet is an Account. Justify.
Receipts and payments account serves as the basis for preparing the balance sheet of non-trading organisation.
