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प्रश्न
A Statement of Assets (Current and Non-current), Liabilities (Current and Non-current) and Equity (i.e., Shareholders' Funds) showing the financial position of an enterprise at a given date is known as ______.
पर्याय
Income Statement.
Balance Sheet.
Cash Flow Statement.
Funds Flow Statement.
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उत्तर
A Statement of Assets (Current and Non-current), Liabilities (Current and Non-current) and Equity (i.e., Shareholders' Funds) showing the financial position of an enterprise at a given date is known as Balance Sheet.
Explanation:
The Balance Sheet (also called the Statement of Financial Position) is the only statement designed to detail a company’s assets, liabilities, and shareholder equity at a specific point in time. It acts like a structural snapshot on a given date. While options like the income statement and cash flow statement track transactional movements flowing over a period of time, the balance sheet captures the exact cumulative net worth of what an enterprise owns and owes at that single moment.
