The report that proves Assets = Liabilities + Equity is the_______ .
A)Trial Balance
B)Income Statement
C)Profit and Loss Statement
D)Balance Sheet

Name: The report that proves Assets = Liabilities + Equity is the_______ . A)Trial Balance B)Income Statement C)Profit and Loss Statement D)Balance Sheet
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Question

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The Balance Sheet is the financial statement that shows a company's financial position at a specific point in time, proving the accounting equation Assets = Liabilities + Equity.

The Report That Proves Assets = Liabilities + Equity Is