The accounting statement that represents a company's financial position on a particular date is the:
A)income statement
B)balance sheet
C)Profit and Loss
D)cash flow statement

Name: The accounting statement that represents a company's financial position on a particular date is the: A)income statement B)balance sheet C)Profit and Loss D)cash flow statement
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

Quizplus · Accepted Answer

balance sheet. This report reflects the entire condition of the company by showing all assets, liabilities, and components of net worth.

The Accounting Statement That Represents a Company's Financial Position on a Particular