Which of the following is not contained in the heading for a balance sheet?

Question

Quizplus · Accepted Answer

The balance sheet is a snapshot of a company's financial position at a specific point in time, not over a period. Therefore, it includes the name of the company, the title of the financial statement, and the specific date of the balance sheet, but not a time period like a month, quarter, or year, which would be more applicable to income statements or cash flow statements.

Which of the Following Is Not Contained in the Heading