Which of the following is correct?
A statement of financial position has the following sub-headings:

Question

Quizplus · Accepted Answer

A statement of financial position, commonly referred to as a balance sheet, typically includes the sub-headings: Non-current assets, Current assets, Owners' capital, Non-current liabilities, and Current liabilities. This categorization helps in presenting the financial status of an entity clearly, showing what the entity owns and owes, as well as the interest of the owners at a specific point in time.

Which of the Following Is Correct