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Question
The Balance Sheet provides information about financial position of an enterprise ______.
Options
over a period of time
during a period of time
for a period of time
at a point of time
MCQ
Fill in the Blanks
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Solution
The Balance Sheet provides information about financial position of an enterprise at a point of time.
Explanation:
Balance sheet is also known as a ‘Position statement’ as it provides information about the financial position of an enterprise ‘at’ a point of time.
Hence, the correct answer is at a point of time.
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