Which financial statement shows account balances such as,cash held,amounts owed to the company by customers,the cost of raw materials and finished goods inventory?
A)Income statement
B)Balance sheet
C)Tolerance group
D)Year end report

Question

Quizplus · Accepted Answer

The balance sheet shows account balances such as cash held, amounts owed to the company by customers, and the cost of raw materials and finished goods inventory. The income statement shows revenue and expenses over a period of time. Tolerance group and year end report are not financial statements.

Which Financial Statement Shows Account Balances Such As,cash Held,amounts Owed