The balance sheet of a business represents the account balances as at a particular date in time.

Name: The balance sheet of a business represents the account balances as at a particular date in time.
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The balance sheet is a financial statement that reports a business's assets, liabilities, and equity at a specific point in time, usually at the end of a quarter or year. Therefore, the statement represents the account balances as at a particular date in time.

The Balance Sheet of a Business Represents the Account Balances