Which of the following represents the entity`s financial position ? Options: A . &nbspBalance sheet B . &nbspCash Flow Statement C . &nbspProfit & Loss account D . &nbspNone of the above

Which of the following represents the entity`s financial position ?

Question

Which of the following represents the entity`s financial position ?

Options:

A . Balance sheet

B . Cash Flow Statement

C . Profit & Loss account

D . None of the above

Answer: Option A
:
A
Balance sheet reveals the entity’s financial position.

Was this answer helpful ?

Next Question

Question 1. Depreciation on fixed assets is _________.....

Question 2. Excess of sales over cost of goods sold in an accounting period is termed as:....

Question 3. If closing stock does not appears in the trial balance and given as additional information, it should be....

Question 4. The costs of putting goods into a saleable condition should be charged to:....

Question 5. Trading & Profit & loss account and balance sheet is prepared from:....

Question 6. Which of the following would not appear on the balance sheet?....

Question 7. Carriage inwards is charged to the trading account because:....

Question 8. Calculate the gross profit /loss if: Sales Rs. 90,000; Closing stock Rs. 40,000; Opening stock Rs. 40,000; Purchases Rs....40,000; Opening stock Rs. 40,000; Purchases Rs.40,000; Wages Rs. 20,000.

Question 9. Gross profit less expenses is known as:....

Question 10. General office expenses are charged to which of the following head:....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0