The _____ summarizes an organization's financial status at the end of an accounting period.
A)trial balance
B)income statement
C)cash flow statement
D)balance sheet
E)accounts payable ledger

Question

Quizplus · Accepted Answer

The balance sheet summarizes an organization's financial status at the end of an accounting period by showing its assets, liabilities, and equity.

The _____ Summarizes an Organization's Financial Status at the End