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प्रश्न
It is not an account but a statement.
पर्याय
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
Write any two uses of the Balance Sheet?
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.
______ is a financial statement which sets out assets and liabilities as on a certain date.
Why is a Balance Sheet prepared?
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.
______ shows the financial position of the organization.
"A trading account reveals the financial position of an organisation." Comment.
