According to a recent issue of Accounting Trends and Techniques, the most frequently used balance sheet format is the
A)financial position form
B)report form
C)account form
D)combined form

Question

Quizplus · Accepted Answer

The report form is the most frequently used balance sheet format according to recent issues of Accounting Trends and Techniques. This format presents the assets on the top, followed by liabilities and shareholders' equity below, all on a single page, making it straightforward and widely adopted for financial reporting.

According to a Recent Issue of Accounting Trends and Techniques