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प्रश्न
The Balance Sheet shows the financial position of an enterprise ______.
विकल्प
over a period of time.
during a period of time.
for a period of time.
at a point of time.
MCQ
रिक्त स्थान भरें
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उत्तर
The Balance Sheet shows the financial position of an enterprise at a point of time.
Explanation:
A balance sheet acts like a financial snapshot of a business. Unlike an income statement that tracks revenue over a period of time, a balance sheet shows the exact value of what a company owns (assets) and owes (liabilities) on one specific date (e.g., as of December 31). Therefore, it reflects the financial position at a single, exact point of time.
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