A financial document that shows the assets, liabilities, and owner's equity of an organization on a given date is a(n) :
A) balance sheet.
B) income statement.
C) cash flow statement.
D) budget.

Question

Quizplus · Accepted Answer

A balance sheet is a financial statement that presents a company's financial position at a specific point in time, showing its assets, liabilities, and owner's equity.

A Financial Document That Shows the Assets, Liabilities, and Owner's