Jane's bank has asked her to show them how her business's financial position has changed in the past year.She should provide the company's statement of financial position.

Question

Quizplus · Accepted Answer

A statement of financial position, also known as a balance sheet, shows a company's financial position at a specific point in time, not changes over a period. To show changes, she should provide financial statements like the income statement or cash flow statement.

Jane's Bank Has Asked Her to Show Them How Her