Question

It is a financial statement which sets out the assets and liabilities of a trading or non-trading organisation as on a certain date. 

विकल्प

• Trading Account

• Profit and loss account

• Balance sheet

• Manufacturing account

Answer 1

Balance sheet

Explanation:

The statement of financial position, often called the balance sheet, is a financial statement that reports a company's assets, liabilities, and equity on a given date.